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Restaurant

Burger King | Absolute Net

3910 Wilder Rd, Bay City, MI 48706

Listing Price: $2,615,740

Cap Rate
5.00%
Tenant Name
Burger King
Years Remaining On Lease
11.6
Gross SF
3,937
Guarantor
Franchisee Guarantee
Rentable SF
3,937
Price/Gross SF
$664.40
Lease Type
Absolute Net
Rent Per Square Feet
$33.22

Investment Overview

Marcus & Millichap is pleased to present this 3,937-square foot, single-tenant Burger King property located at 3910 Wilder Road in Bay City, Michigan. The property is situated on 1.19 acres and was constructed in 1998 with an indoor playground and a renovation in 2018. Burger King has 12 years remaining on their absolute-net lease. The lease has a franchise guarantee through GPS Hospitality III, a 57-unit entity of one of the largest franchisees in the nation with 400+ total Burger King locations alone. There are ten percent increases every five years throughout the base term. Per Placer.ai, this Burger King location significantly outpaces the traffic for the next closest store locations and is within the top tier for the country. Restaurant Brands International Inc. 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®. These independently operated brands have been serving their respective guests, franchisees and communities for decades. Through its Restaurant Brands for Good framework, RBI is improving sustainable outcomes related to its food, the planet, and people and communities. Every day, more than 11 million guests visit Burger King restaurants around the world, and they do so because their restaurants are known for serving high-quality, great-tasting, and affordable food. Founded in 1954, the Burger King brand is the second largest fast-food hamburger chain in the world trailing only McDonald’s. 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% of Burger King restaurants are owned and operated by independent franchisees, many of them family-owned operations that have been in business for decades. The property features excellent visibility on Wilder Road with traffic counts of 30,659 vehicles per day. Wilder Road serves as one of the main arteries on the north end of Bay City connecting to Interstate-75/US-23 (60,629 VPD). The property is strategically located seconds from Bay Town Shopping Center, a 530,000-square foot shopping mall anchored by Ollie’s Bargain Outlet, PetSmart, Xtreme Carpet Raceway, Marshalls, Dunham’s and Planet Fitness. Burger King is situated directly across from a Walmart and Home Depot anchored center in a core retail market with over 5.6 million square feet of retail within a five-mile radius. Notable nearby national tenants include Kroger, Aldi, Goodwill, Staples, Big Lots, Rite Aid, GFS, Harbor Freight, as well as a wide array of fast-casual restaurants and auto dealers. In summary, this asset provides an investor the opportunity to acquire an investment-grade asset with no landlord responsibilities, situated in a core retail market.

Investment Highlights

  • This Burger King Site is within the Top Tier of Traffic Ranking Per Placer.ai
  • 12 Years Remaining on Absolute Net Lease
  • Ten Percent Rental Increases Every Five Years Through Base Term | Next Rent Increase in 2024
  • Franchise Guarantee | 57-Unit Entity of GPS Hospitality (400+ Burger King Locations)
  • Directly Across from Bay Town Shopping Center and Walmart/Home Depot Anchored Center
  • Core Retail Market | Over 5.6 Million Square Feet of Retail Within Five Miles
  • Nearby National Retail: Kroger, Aldi, Goodwill, Staples, Big Lots, Rite Aid, GFS, Harbor Freight Among Many Others
  • Great Demographics | Over 69,343 Residents & Average Household Income of $102,518 within Five Miles

Exclusively Listed By

Restaurant

Burger King | Absolute Net

Listing Price: $2,615,740

Cap Rate
5.00%
Tenant Name
Burger King
Years Remaining On Lease
11.6
Gross SF
3,937
Guarantor
Franchisee Guarantee
Rentable SF
3,937
Price/Gross SF
$664.40
Lease Type
Absolute Net
Rent Per Square Feet
$33.22

Investment Highlights

  • This Burger King Site is within the Top Tier of Traffic Ranking Per Placer.ai
  • 12 Years Remaining on Absolute Net Lease
  • Ten Percent Rental Increases Every Five Years Through Base Term | Next Rent Increase in 2024
  • Franchise Guarantee | 57-Unit Entity of GPS Hospitality (400+ Burger King Locations)
  • Directly Across from Bay Town Shopping Center and Walmart/Home Depot Anchored Center
  • Core Retail Market | Over 5.6 Million Square Feet of Retail Within Five Miles
  • Nearby National Retail: Kroger, Aldi, Goodwill, Staples, Big Lots, Rite Aid, GFS, Harbor Freight Among Many Others
  • Great Demographics | Over 69,343 Residents & Average Household Income of $102,518 within Five Miles

Investment Overview

Marcus & Millichap is pleased to present this 3,937-square foot, single-tenant Burger King property located at 3910 Wilder Road in Bay City, Michigan. The property is situated on 1.19 acres and was constructed in 1998 with an indoor playground and a renovation in 2018. Burger King has 12 years remaining on their absolute-net lease. The lease has a franchise guarantee through GPS Hospitality III, a 57-unit entity of one of the largest franchisees in the nation with 400+ total Burger King locations alone. There are ten percent increases every five years throughout the base term. Per Placer.ai, this Burger King location significantly outpaces the traffic for the next closest store locations and is within the top tier for the country. Restaurant Brands International Inc. 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®. These independently operated brands have been serving their respective guests, franchisees and communities for decades. Through its Restaurant Brands for Good framework, RBI is improving sustainable outcomes related to its food, the planet, and people and communities. Every day, more than 11 million guests visit Burger King restaurants around the world, and they do so because their restaurants are known for serving high-quality, great-tasting, and affordable food. Founded in 1954, the Burger King brand is the second largest fast-food hamburger chain in the world trailing only McDonald’s. 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% of Burger King restaurants are owned and operated by independent franchisees, many of them family-owned operations that have been in business for decades. The property features excellent visibility on Wilder Road with traffic counts of 30,659 vehicles per day. Wilder Road serves as one of the main arteries on the north end of Bay City connecting to Interstate-75/US-23 (60,629 VPD). The property is strategically located seconds from Bay Town Shopping Center, a 530,000-square foot shopping mall anchored by Ollie’s Bargain Outlet, PetSmart, Xtreme Carpet Raceway, Marshalls, Dunham’s and Planet Fitness. Burger King is situated directly across from a Walmart and Home Depot anchored center in a core retail market with over 5.6 million square feet of retail within a five-mile radius. Notable nearby national tenants include Kroger, Aldi, Goodwill, Staples, Big Lots, Rite Aid, GFS, Harbor Freight, as well as a wide array of fast-casual restaurants and auto dealers. In summary, this asset provides an investor the opportunity to acquire an investment-grade asset with no landlord responsibilities, situated in a core retail market.

Exclusively Listed By

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