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.