Restaurant
Burger King
1698 Main St, Chipley, FL 32428
Listing Price: $3,939,000
Investment Overview
STRONG REAL ESTATE FUNDAMENTALS Large 2.33-acre parcel Unused area to allow for addition of designated diesel canopy for 18-wheelers Flat topography with strong visibility along Main Street (±15,600 VPD) Located at signalized 4-way intersection Multiple points of ingress and egress Interstation location directly north of I-10 Last food and gas option prior to on-ramp Recent property improvements include new roof, resealed and striped parking lot, renovation to latest Burger King prototype Tenant investment of ±$250,000 towards HVACs and interior remodel OPTIMAL LEASE STRUCTURE Absolute NNN lease – no LL responsibilities 19+ years of term 4, 5-year renewal options 7.5% rent bumps every 5 years Strong tenant and guarantor (±80 units) Gas station & c-store subleased to CrossAmerica Partners Lowers overall occupancy costs and drives additional traffic to site New Tesla Superchargers to be installed on site – 8 total BEST-IN-CLASS QSR TENANT #7 largest fast-food chain in the US #3 largest fast-food burger chain in the US Ranked by US systemwide sales – $10.03 billion (2021 – corporate) 18,700+ locations throughout 100 countries (corporate) ABOUT THE OPERATOR Preferred territories span Central & South Georgia and North & South Florida Management Team includes professional background covering management, finance, accounting & QSR operations HQ is in Destin, FL (76 miles from the subject property) Franchisee is owned/backed by Union Capital PE firm focused on small and mid-sized founder-led businesses
Investment Highlights
- 19-YEAR NNN LEASE | 7.5% RENT BUMPS EVERY 5 YRS
- LARGE FRANCHISEE
- RECENT TENANT UPGRADES
Exclusively Listed By
Broker of Record
Listing Price: $3,939,000
Investment Highlights
- 19-YEAR NNN LEASE | 7.5% RENT BUMPS EVERY 5 YRS
- LARGE FRANCHISEE
- RECENT TENANT UPGRADES
Investment Overview
STRONG REAL ESTATE FUNDAMENTALS Large 2.33-acre parcel Unused area to allow for addition of designated diesel canopy for 18-wheelers Flat topography with strong visibility along Main Street (±15,600 VPD) Located at signalized 4-way intersection Multiple points of ingress and egress Interstation location directly north of I-10 Last food and gas option prior to on-ramp Recent property improvements include new roof, resealed and striped parking lot, renovation to latest Burger King prototype Tenant investment of ±$250,000 towards HVACs and interior remodel OPTIMAL LEASE STRUCTURE Absolute NNN lease – no LL responsibilities 19+ years of term 4, 5-year renewal options 7.5% rent bumps every 5 years Strong tenant and guarantor (±80 units) Gas station & c-store subleased to CrossAmerica Partners Lowers overall occupancy costs and drives additional traffic to site New Tesla Superchargers to be installed on site – 8 total BEST-IN-CLASS QSR TENANT #7 largest fast-food chain in the US #3 largest fast-food burger chain in the US Ranked by US systemwide sales – $10.03 billion (2021 – corporate) 18,700+ locations throughout 100 countries (corporate) ABOUT THE OPERATOR Preferred territories span Central & South Georgia and North & South Florida Management Team includes professional background covering management, finance, accounting & QSR operations HQ is in Destin, FL (76 miles from the subject property) Franchisee is owned/backed by Union Capital PE firm focused on small and mid-sized founder-led businesses
Exclusively Listed By
Broker of Record

