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Restaurant

Burger King - Corporate Lease

11834 E Colonial Dr, Orlando, FL 32826

Listing Price: $1,988,520

Cap Rate
5.00%
Tenant Name
Burger King Corporation
Years Remaining On Lease
7.1
Gross SF
4,350
Guarantor
Corporate Guarantee
Rentable SF
4,350
Price/Gross SF
$457.13
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$22.86

Investment Overview

Every day, more than 11 million guests visit Burger King restaurants around the world. Founded in 1954, the Burger King brand is the second-largest fast food hamburger chain in the world. The original Home of the Whopper, the Burger King system operates more than 18,700 locations in more than 100 countries and U.S. territories. Almost 100 percent of Burger King restaurants are owned and operated by independent franchisees, many of them family-owned operations that have been in business for decades. Restaurant Brands International Inc. (RBI) is one of the world’s largest quick service restaurant companies with more than $35 billion in annual system-wide sales and over 28,000 restaurants in more than 100 countries. RBI owns four of the world’s most prominent and iconic quick service restaurant brands: Tim Hortons, Burger King, Popeyes, and Firehouse Subs. Known as the “Theme Park Capital of the World,” Orlando has a thriving tourism industry, making it one of the most-visited cities in the world. Among the many theme parks in the city are Walt Disney World, Universal Studios Orlando, SeaWorld Orlando, Legoland, and Fun Spot America. Each year, visitors to Central Florida pay over $5 billion in state and local taxes alone, accounting for about half of all sales tax revenue in the area.

Investment Highlights

  • Absolute Triple-Net (NNN) Lease with Seven Years Remaining - Corporate Guaranty by Burger King Corporation
  • 28 Year Operating History
  • 10 Percent Rental Increases Every Five Years
  • 232,463 Residents Within a Five-Mile Radius - Dense Orlando Infill
  • Two Miles South of the University of Central Florida (Over 70,000 Students) and Four Miles East of Valencia College East Campus (Over 21,000 Students)
  • Excellent Visibility Along East Colonial Drive (57,500 Cars per Day), with a Combined 105,000 Cars per Day at the Intersection of East Colonial Drive and North Alafaya Trail
  • Situated in a Dense Retail Corridor - Walmart Supercenter, At Home, Publix Super Market, Target, The Home Depot, DICK'S Sporting Goods, and More
  • Down the Road from Lockheed Martin's Corporate Offices (Over 8,000 Employees)

Exclusively Listed By

Broker of Record

  • Ryan Nee

    Senior Vice President/ Division Manager

    (954) 245-3400

    License(s) FL: BK3154667

    Florida

Financing By

Restaurant

Burger King - Corporate Lease

Listing Price: $1,988,520

Cap Rate
5.00%
Tenant Name
Burger King Corporation
Years Remaining On Lease
7.1
Gross SF
4,350
Guarantor
Corporate Guarantee
Rentable SF
4,350
Price/Gross SF
$457.13
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$22.86

Investment Highlights

  • Absolute Triple-Net (NNN) Lease with Seven Years Remaining - Corporate Guaranty by Burger King Corporation
  • 28 Year Operating History
  • 10 Percent Rental Increases Every Five Years
  • 232,463 Residents Within a Five-Mile Radius - Dense Orlando Infill
  • Two Miles South of the University of Central Florida (Over 70,000 Students) and Four Miles East of Valencia College East Campus (Over 21,000 Students)
  • Excellent Visibility Along East Colonial Drive (57,500 Cars per Day), with a Combined 105,000 Cars per Day at the Intersection of East Colonial Drive and North Alafaya Trail
  • Situated in a Dense Retail Corridor - Walmart Supercenter, At Home, Publix Super Market, Target, The Home Depot, DICK'S Sporting Goods, and More
  • Down the Road from Lockheed Martin's Corporate Offices (Over 8,000 Employees)

Investment Overview

Every day, more than 11 million guests visit Burger King restaurants around the world. Founded in 1954, the Burger King brand is the second-largest fast food hamburger chain in the world. The original Home of the Whopper, the Burger King system operates more than 18,700 locations in more than 100 countries and U.S. territories. Almost 100 percent of Burger King restaurants are owned and operated by independent franchisees, many of them family-owned operations that have been in business for decades. Restaurant Brands International Inc. (RBI) is one of the world’s largest quick service restaurant companies with more than $35 billion in annual system-wide sales and over 28,000 restaurants in more than 100 countries. RBI owns four of the world’s most prominent and iconic quick service restaurant brands: Tim Hortons, Burger King, Popeyes, and Firehouse Subs. Known as the “Theme Park Capital of the World,” Orlando has a thriving tourism industry, making it one of the most-visited cities in the world. Among the many theme parks in the city are Walt Disney World, Universal Studios Orlando, SeaWorld Orlando, Legoland, and Fun Spot America. Each year, visitors to Central Florida pay over $5 billion in state and local taxes alone, accounting for about half of all sales tax revenue in the area.

Exclusively Listed By

Broker of Record

  • Ryan Nee

    Senior Vice President/ Division Manager

    (954) 245-3400

    License(s): FL: BK3154667

    Florida

Financing By

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