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Restaurant

Burger King

2155 Frame Rd, Elkview, WV 25071

Listing Price: $2,380,000

Cap Rate
5.25%
Tenant Name
Burger King
Years Remaining On Lease
20.4
Gross SF
3,353
Guarantor
Franchisee Guarantee
Rentable SF
3,353
Price/Gross SF
$709.81
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$37.28

Investment Overview

• Scheduled Re-Image - Upcoming Remodel Scheduled in 2023 - Interior and Exterior Remodel Including Building, Parking Lot, Drive-Thru, Dining and Kitchens - Extensive Capital Investment in Re-Image • Long-Term Triple-Net Lease - 18 Years Remaining on Original 20-Year Lease - Four Five-Year Option to Renew with 7.5%Increases Every Five Years - No Landlord Responsibilities • Historical Presence - 20-Year Operating History Since 2002 - Recently Acquired by Multi-Unit Franchisee - Directly Off Interstate 79 (I-79) • Real Estate Fundamentals - Interstate Location Adjacent to Multi-bay GoMart Gas Station and Retail Shops - Nearby Retailers Include McDonald’s, KFC, Taco Bell, CVS, Kroger, La Quinta Inn & Suites - Less than 20 Minutes to Charleston, WV and the West Virginia International Airport

Investment Highlights

  • Extensive Remodel Scheduled for 2023 Including Interior and Exterior
  • New 20-Year Triple-Net Lease with Large Regional Franchisee
  • Interstate Location with Limited Competition

Exclusively Listed By

Broker of Record

  • Sean Beuche

    Vice President/Regional Manager

    (215) 531-7000

    License(s) WV: WVB220300809

    West Virginia

Financing By

Restaurant

Burger King

Listing Price: $2,380,000

Cap Rate
5.25%
Tenant Name
Burger King
Years Remaining On Lease
20.4
Gross SF
3,353
Guarantor
Franchisee Guarantee
Rentable SF
3,353
Price/Gross SF
$709.81
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$37.28

Investment Highlights

  • Extensive Remodel Scheduled for 2023 Including Interior and Exterior
  • New 20-Year Triple-Net Lease with Large Regional Franchisee
  • Interstate Location with Limited Competition

Investment Overview

• Scheduled Re-Image - Upcoming Remodel Scheduled in 2023 - Interior and Exterior Remodel Including Building, Parking Lot, Drive-Thru, Dining and Kitchens - Extensive Capital Investment in Re-Image • Long-Term Triple-Net Lease - 18 Years Remaining on Original 20-Year Lease - Four Five-Year Option to Renew with 7.5%Increases Every Five Years - No Landlord Responsibilities • Historical Presence - 20-Year Operating History Since 2002 - Recently Acquired by Multi-Unit Franchisee - Directly Off Interstate 79 (I-79) • Real Estate Fundamentals - Interstate Location Adjacent to Multi-bay GoMart Gas Station and Retail Shops - Nearby Retailers Include McDonald’s, KFC, Taco Bell, CVS, Kroger, La Quinta Inn & Suites - Less than 20 Minutes to Charleston, WV and the West Virginia International Airport

Exclusively Listed By

Broker of Record

  • Sean Beuche

    Vice President/Regional Manager

    (215) 531-7000

    License(s): WV: WVB220300809

    West Virginia

Financing By

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