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Restaurant

Burger King

1370 Blackwood Clementon Rd, Clementon, NJ 08021

Listing Price: $3,440,000

Cap Rate
4.65%
Tenant Name
Burger King
Years Remaining On Lease
19.7
Gross SF
4,228
Guarantor
Franchisee Guarantee
Rentable SF
4,228
Price/Gross SF
$813.62
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$37.84

Investment Overview

SITE FUNDAMENTALS Marcus & Millichap is pleased to present for sale this single-tenant, absolute triple-net leased Burger King Restaurant investment opportunity in Clementon, New Jersey. The property consists of more than 1.38 acres improved with a 4,228-square foot building. There is a brand new 20-year lease in place with AB III, LLC, a subsidiary of Ampler Burgers, a multi-brand franchisee operating Taco Bells, Burger Kings, Little Caesars and Church’s Chickens in multiple states. Annual rent is $160,000 with 7.5 percent rental increases every five years in the base term, as well as the four five-year renewal options. EXCELLENT LOCATION The new construction restaurant features an indoor playground and is located the Clementon borough of Northern New Jersey, also a suburb of Philadelphia - just a 30-minute drive to the north. The restaurant benefits from strong traffic counts of over 23,400 vehicles per day along Blackwood Clementon Road, a busy retail artery with an exit off the North-South Freeway connecting Atlantic City and Philadelphia. The restaurant is also within close proximity to Highland Regional High School (1,200+ students), Charles W Lewis Middle School (680+ Students), and the multi-acre Camden County College campus with (23,000+ Students). It is also within minutes of the 181-bed Jefferson Stratford Hospital and the Rowan University School of Osteopathic Medicine. Nearby retailers include KFC, Wendy’s, Chipotle, Starbucks, and Dunkin’ and Wawa’s. GLOBALY RECOGNIZED BRAND Every day, more than 11 million guests visit BURGER KING® restaurants around the World because their restaurants are known for serving high-quality, great-tasting, And affordable foods.

Investment Highlights

  • New 20-Year NNN Lease | Brand New 2022 Construction
  • New Jersey Suburb | Part of Philadelphia MSA
  • Traffic Counts of 23,400 VPD | Over 200K People within Five-Mile Radius

Broker of Record

  • John Horowitz

    First Vice President/ Division Manager

    (718) 475-4300

    License(s) NJ: 2192359

    New Jersey

Financing By

Listing Price: $3,440,000

Cap Rate
4.65%
Tenant Name
Burger King
Years Remaining On Lease
19.7
Gross SF
4,228
Guarantor
Franchisee Guarantee
Rentable SF
4,228
Price/Gross SF
$813.62
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$37.84

Investment Highlights

  • New 20-Year NNN Lease | Brand New 2022 Construction
  • New Jersey Suburb | Part of Philadelphia MSA
  • Traffic Counts of 23,400 VPD | Over 200K People within Five-Mile Radius

Investment Overview

SITE FUNDAMENTALS Marcus & Millichap is pleased to present for sale this single-tenant, absolute triple-net leased Burger King Restaurant investment opportunity in Clementon, New Jersey. The property consists of more than 1.38 acres improved with a 4,228-square foot building. There is a brand new 20-year lease in place with AB III, LLC, a subsidiary of Ampler Burgers, a multi-brand franchisee operating Taco Bells, Burger Kings, Little Caesars and Church’s Chickens in multiple states. Annual rent is $160,000 with 7.5 percent rental increases every five years in the base term, as well as the four five-year renewal options. EXCELLENT LOCATION The new construction restaurant features an indoor playground and is located the Clementon borough of Northern New Jersey, also a suburb of Philadelphia - just a 30-minute drive to the north. The restaurant benefits from strong traffic counts of over 23,400 vehicles per day along Blackwood Clementon Road, a busy retail artery with an exit off the North-South Freeway connecting Atlantic City and Philadelphia. The restaurant is also within close proximity to Highland Regional High School (1,200+ students), Charles W Lewis Middle School (680+ Students), and the multi-acre Camden County College campus with (23,000+ Students). It is also within minutes of the 181-bed Jefferson Stratford Hospital and the Rowan University School of Osteopathic Medicine. Nearby retailers include KFC, Wendy’s, Chipotle, Starbucks, and Dunkin’ and Wawa’s. GLOBALY RECOGNIZED BRAND Every day, more than 11 million guests visit BURGER KING® restaurants around the World because their restaurants are known for serving high-quality, great-tasting, And affordable foods.

Broker of Record

  • John Horowitz

    First Vice President/ Division Manager

    (718) 475-4300

    License(s): NJ: 2192359

    New Jersey

Financing By

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