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Restaurant

Burger King - 4240 Florence Blvd, Florence, AL

4240 Florence Blvd, Florence, AL 35634

Listing Price: $2,400,000

Cap Rate
5.00%
Tenant Name
Burger King
Guarantor
Franchisee Guarantee
Rentable SF
3,410
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$35.19

Investment Overview

Marcus & Millichap is pleased to present for sale this single-tenant, absolute triple-net lease Burger King Restaurant investment opportunity located at 4240 Florence Blvd, Florence, Alabama. The property consists of 1.17 acres improved with an approximately 3,410-square foot building. The recently constructed restaurant will have a brand new 20-year lease at the close of escrow in place with a seasoned RBI Brands Franchisee operating over 200 restaurants. This Franchisee has been a Burger King and Popeyes operator of over a decade and is one of the fastest growing Franchisees in the system. In 2015, this operator was awarded “Franchisee of the Year”. Annual base rent is set at $120,000 with 7.5 percent rental increases every five years in the base term, as well as the four five-year renewal options. The new restaurant sits directly off Lee Highway. Other nearby restaurants include Jack’s, The Rising Crust Pizza, and Smoke’s Barbecue . To the west, Walmart, Publix, Lowe’s, Target, and Sam’s are some of the notable retail in the area.

Investment Highlights

  • BRAND NEW 20-YEAR NNN LEASE
  • HEALTHY RENT-TO-SALES RATIO
  • Strong Multi-Brand Operator

Broker of Record

  • Eddie Greenhalgh

    Senior Vice President Investments

    (205) 510-9200

    License(s) AL: 0000882980

    Alabama

Restaurant

Burger King - 4240 Florence Blvd, Florence, AL

Listing Price: $2,400,000

Cap Rate
5.00%
Tenant Name
Burger King
Guarantor
Franchisee Guarantee
Rentable SF
3,410
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$35.19

Investment Highlights

  • BRAND NEW 20-YEAR NNN LEASE
  • HEALTHY RENT-TO-SALES RATIO
  • Strong Multi-Brand Operator

Investment Overview

Marcus & Millichap is pleased to present for sale this single-tenant, absolute triple-net lease Burger King Restaurant investment opportunity located at 4240 Florence Blvd, Florence, Alabama. The property consists of 1.17 acres improved with an approximately 3,410-square foot building. The recently constructed restaurant will have a brand new 20-year lease at the close of escrow in place with a seasoned RBI Brands Franchisee operating over 200 restaurants. This Franchisee has been a Burger King and Popeyes operator of over a decade and is one of the fastest growing Franchisees in the system. In 2015, this operator was awarded “Franchisee of the Year”. Annual base rent is set at $120,000 with 7.5 percent rental increases every five years in the base term, as well as the four five-year renewal options. The new restaurant sits directly off Lee Highway. Other nearby restaurants include Jack’s, The Rising Crust Pizza, and Smoke’s Barbecue . To the west, Walmart, Publix, Lowe’s, Target, and Sam’s are some of the notable retail in the area.

Broker of Record

  • Eddie Greenhalgh

    Senior Vice President Investments

    (205) 510-9200

    License(s): AL: 0000882980

    Alabama

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