Restaurant
Burger King
11204 B St S, Parkland, WA 98444
Listing Price: $3,033,897
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing for a Burger King located at 11204 B Street S in Parkland, WA. The property consists of 2,600 square feet of building space and is situated on an estimated 0.41 acres of land. The tenant is subject to a 20-year absolute triple net (NNN) lease, that will commence upon close of escrow. The base rent is $166,864 and will increase by 2.00% percent annually starting in year six and continuing throughout the base term and into each of the four (4), five (5)-year tenant renewal option periods.
Listing Price: $3,033,897
Investment Highlights
- Long-Term, 19-Year Absolute Triple Net (NNN) Lease That Commenced in September 2021
- Two Percent (2.00%) Rental Increases Annually Starting in Year 6
- Four (4), Five (5)-Year Tenant Renewal Options
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing for a Burger King located at 11204 B Street S in Parkland, WA. The property consists of 2,600 square feet of building space and is situated on an estimated 0.41 acres of land. The tenant is subject to a 20-year absolute triple net (NNN) lease, that will commence upon close of escrow. The base rent is $166,864 and will increase by 2.00% percent annually starting in year six and continuing throughout the base term and into each of the four (4), five (5)-year tenant renewal option periods.
