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Restaurant

Burger King - 16+ Yr Lease

10458 St Charles Rock Rd, Saint Ann, MO 63074

Listing Price: $2,476,200

Cap Rate
5.25%
Tenant Name
Broadway Restaurant Group, LLC
Years Remaining On Lease
16.1
Gross SF
3,374
Guarantor
Franchisee Guarantee
Rentable SF
3,374
Price/Gross SF
$733.91
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$38.53

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. Broadway Restaurant Group (BRG) is a Burger King franchisee in the greater St. Louis area with over 55 locations. Located in northwest St. Louis County, Missouri, Saint Ann is home to over 13,000 residents. The city is a suburb of St. Louis, situated approximately 15 miles from downtown St. Louis. The city is served by two school districts and is home to a branch of the St. Louis County Library system. Saint Ann is the location of Save-a-Lot Food Stores' corporate headquarters, located in the Crossings at Northwest shopping center.

Investment Highlights

  • Over 16 Years Remaining on Absolute Triple-Net Lease - Upcoming Rent Bump Takes Cap Rate to 5.67 Percent
  • 2018 Remodel - Site Includes a Drive-Thru
  • Eight Percent Rental Increases Every Five Years
  • Dense St. Louis Infill - 200,511 Residents and 314,342 Daytime Employees within a Five-Mile Radius
  • Franchisee Operates Over 55 Locations Throughout the Greater St. Louis Area
  • Excellent Visibility Along Saint Charles Rock Road (32,000 Cars per Day)
  • Adjacent to St. Louis Lambert International Airport - 15.9 Million Annual Passengers
  • Situated Along a Dense Retail Corridor - Close Proximity to Menards, The Home Depot, Walmart, Schnucks, Target, and More

Exclusively Listed By

Broker of Record

  • David Saverin

    Regional Manager

    (314) 889-2500

    License(s) MO: 2008013520

    Missouri

Financing By

Restaurant

Burger King - 16+ Yr Lease

Listing Price: $2,476,200

Cap Rate
5.25%
Tenant Name
Broadway Restaurant Group, LLC
Years Remaining On Lease
16.1
Gross SF
3,374
Guarantor
Franchisee Guarantee
Rentable SF
3,374
Price/Gross SF
$733.91
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$38.53

Investment Highlights

  • Over 16 Years Remaining on Absolute Triple-Net Lease - Upcoming Rent Bump Takes Cap Rate to 5.67 Percent
  • 2018 Remodel - Site Includes a Drive-Thru
  • Eight Percent Rental Increases Every Five Years
  • Dense St. Louis Infill - 200,511 Residents and 314,342 Daytime Employees within a Five-Mile Radius
  • Franchisee Operates Over 55 Locations Throughout the Greater St. Louis Area
  • Excellent Visibility Along Saint Charles Rock Road (32,000 Cars per Day)
  • Adjacent to St. Louis Lambert International Airport - 15.9 Million Annual Passengers
  • Situated Along a Dense Retail Corridor - Close Proximity to Menards, The Home Depot, Walmart, Schnucks, Target, and More

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. Broadway Restaurant Group (BRG) is a Burger King franchisee in the greater St. Louis area with over 55 locations. Located in northwest St. Louis County, Missouri, Saint Ann is home to over 13,000 residents. The city is a suburb of St. Louis, situated approximately 15 miles from downtown St. Louis. The city is served by two school districts and is home to a branch of the St. Louis County Library system. Saint Ann is the location of Save-a-Lot Food Stores' corporate headquarters, located in the Crossings at Northwest shopping center.

Exclusively Listed By

Broker of Record

  • David Saverin

    Regional Manager

    (314) 889-2500

    License(s): MO: 2008013520

    Missouri

Financing By

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