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Restaurant

Burger King

205 E 23rd St, Ottawa, KS 66067

Listing Price: $1,340,000

Cap Rate
8.00%
Tenant Name
Burger King
Years Remaining On Lease
3.5
Gross SF
3,017
Guarantor
Franchisee Guarantee
Rentable SF
3,017
Price/Gross SF
$444.15
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$35.53

Investment Overview

Marcus & Millichap is pleased to present for sale Burger King in Ottawa, Kansas. 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. Founded in 1998, Genesh, Inc. is a Kansas-based franchisee of Burger King Corporation. They currently operate 51 restaurants in Kansas and Missouri with new locations being opened regularly. Ottawa, Kansas is the county seat of Franklin County. It is the home of Ottawa University, a private four year university, accredited by The Higher Learning Commission, a regional accreditation agency recognized by the U.S. Department of Education. From humble beginnings, Ottawa University has grown from a single building into a comprehensive educational institution serving over 4,000 students on four campuses and online.

Investment Highlights

  • Absolute Triple-Net (NNN) Lease with 3 and a Half Years Remaining on Term
  • Rental Increases and Multiple Renewal Options Available on Lease
  • Tenant Has Over 40 Years of Experience and Owns 51 Locations in Kansas and Missouri with New Locations in Development
  • Highly Accessible Location Directly Off of Interstate-35 (18,800 Cars per Day)
  • Shared Ingress/Egress with Walmart Supercenter, Maurices, and Rent-A-Center
  • Situated in a Dense Retail Corridor - McDonald's, Wendy's, Taco Bell, Pizza Hut, Arby's, Freddy's Frozen Custard, Dollar General, Dollar Tree, and Many More
  • Central Location with Immediate Connection to Downtown Ottawa
  • Only Two Miles from Ottawa University, a Private Four-Year Accredited University

Exclusively Listed By

Broker of Record

  • Colby Haugness

    First Vice President Investments

    (816) 410-1010

    License(s) KS: 00241410

    Kansas

Financing By

Restaurant

Burger King

Listing Price: $1,340,000

Cap Rate
8.00%
Tenant Name
Burger King
Years Remaining On Lease
3.5
Gross SF
3,017
Guarantor
Franchisee Guarantee
Rentable SF
3,017
Price/Gross SF
$444.15
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$35.53

Investment Highlights

  • Absolute Triple-Net (NNN) Lease with 3 and a Half Years Remaining on Term
  • Rental Increases and Multiple Renewal Options Available on Lease
  • Tenant Has Over 40 Years of Experience and Owns 51 Locations in Kansas and Missouri with New Locations in Development
  • Highly Accessible Location Directly Off of Interstate-35 (18,800 Cars per Day)
  • Shared Ingress/Egress with Walmart Supercenter, Maurices, and Rent-A-Center
  • Situated in a Dense Retail Corridor - McDonald's, Wendy's, Taco Bell, Pizza Hut, Arby's, Freddy's Frozen Custard, Dollar General, Dollar Tree, and Many More
  • Central Location with Immediate Connection to Downtown Ottawa
  • Only Two Miles from Ottawa University, a Private Four-Year Accredited University

Investment Overview

Marcus & Millichap is pleased to present for sale Burger King in Ottawa, Kansas. 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. Founded in 1998, Genesh, Inc. is a Kansas-based franchisee of Burger King Corporation. They currently operate 51 restaurants in Kansas and Missouri with new locations being opened regularly. Ottawa, Kansas is the county seat of Franklin County. It is the home of Ottawa University, a private four year university, accredited by The Higher Learning Commission, a regional accreditation agency recognized by the U.S. Department of Education. From humble beginnings, Ottawa University has grown from a single building into a comprehensive educational institution serving over 4,000 students on four campuses and online.

Exclusively Listed By

Broker of Record

  • Colby Haugness

    First Vice President Investments

    (816) 410-1010

    License(s): KS: 00241410

    Kansas

Financing By

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