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Restaurant

Burger King

1940 S 8th St, Fernandina Beach, FL 32034

Listing Price: $2,670,000

Cap Rate
4.50%
Tenant Name
Burger King
Years Remaining On Lease
15.5
Gross SF
3,366
Guarantor
Franchisee Guarantee
Rentable SF
3,366
Price/Gross SF
$793.23
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$35.65

Investment Overview

• Long-Term Triple-Net Lease - 16 Years Remaining on Original Lease - 5% Rental Increases Every Five Years - Four Five-Year Options • Rebuilt Location with Indoor Playground - Nearly One Acre Lot |Ample Parking - Three Points of Ingress/Egress - Dedicated Curb Cut for Oncoming Traffic • Additional Parcel - Adjacent 22,037-Square Foot Lot Included - Dedicated Curb Cut Fronting Island Walk Way - Zoned CI | Potential for Development • Directly on A1A - Only Road In and Out of Amelia Island - More than a Half Million Visitors Annually - Traffic Counts of 16,800+ VPD • Nearby Retailers - McDonald’s, Dunkin’, Starbucks, Zaxby’s - Walmart, Publix, Beal’s Outlet, Walgreens • Minutes to Nassau County Baptist Medical Center and the Fernandina Beach Municipal Airport • Strong 80-Unit Guarantee -Premier Kings of Georgia, a subsidiary of Premier Kings, Inc., Large Restaurant Operator with more than 200 Units Across Several States • Globally Recognized Brand - Second Largest Fast-Food Chain in the World - Pandemic Resilient Global Brand LOCATION HIGHLIGHTS

Investment Highlights

  • Long-Term NNN Lease | 80 Unit Franchisee
  • Income Tax-Free State | Desirable Fernandina Beach Location
  • Additional Parcel Included | Development Opportunity

Exclusively Listed By

Financing By

Listing Price: $2,670,000

Cap Rate
4.50%
Tenant Name
Burger King
Years Remaining On Lease
15.5
Gross SF
3,366
Guarantor
Franchisee Guarantee
Rentable SF
3,366
Price/Gross SF
$793.23
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$35.65

Investment Highlights

  • Long-Term NNN Lease | 80 Unit Franchisee
  • Income Tax-Free State | Desirable Fernandina Beach Location
  • Additional Parcel Included | Development Opportunity

Investment Overview

• Long-Term Triple-Net Lease - 16 Years Remaining on Original Lease - 5% Rental Increases Every Five Years - Four Five-Year Options • Rebuilt Location with Indoor Playground - Nearly One Acre Lot |Ample Parking - Three Points of Ingress/Egress - Dedicated Curb Cut for Oncoming Traffic • Additional Parcel - Adjacent 22,037-Square Foot Lot Included - Dedicated Curb Cut Fronting Island Walk Way - Zoned CI | Potential for Development • Directly on A1A - Only Road In and Out of Amelia Island - More than a Half Million Visitors Annually - Traffic Counts of 16,800+ VPD • Nearby Retailers - McDonald’s, Dunkin’, Starbucks, Zaxby’s - Walmart, Publix, Beal’s Outlet, Walgreens • Minutes to Nassau County Baptist Medical Center and the Fernandina Beach Municipal Airport • Strong 80-Unit Guarantee -Premier Kings of Georgia, a subsidiary of Premier Kings, Inc., Large Restaurant Operator with more than 200 Units Across Several States • Globally Recognized Brand - Second Largest Fast-Food Chain in the World - Pandemic Resilient Global Brand LOCATION HIGHLIGHTS

Exclusively Listed By

Financing By

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