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Restaurant

Burger King (Corporate Guarantee)

1225 Euclid Ave, Helena, MT 59601

Listing Price: $1,900,000

Cap Rate
6.06%
Tenant Name
Burger King
Years Remaining On Lease
15.2
Guarantor
Corporate Guarantee
Rentable SF
3,500
Lease Type
Absolute Net
Rent Per Square Feet
$32.91

Investment Overview

The subject property is a 3,500-square foot Single-Tenant (Burger King) situated on 0.99-acres in Helena, Montana. More specifically, the property is located along the signalized hard corner of Euclid Avenue and Allison Street. This corridor sees more than 21,000-vehicles per day (VPD). Furthermore, the property is located one mile east of Carroll College with an enrollment of over 1,400-students.

As the capitol of Montana, Helena has a very stable and viable economy. It does not have the ups and downs of cities with one major industry or employer that are vulnerable to layoffs during recessions. The largest employers in the city are government-related. In addition to being home to some 10,000 state employees, Helena is the seat of Lewis & Clark County, and several Montana offices of federal agencies are located in Helena as well. The unemployment rate in Helena is traditionally below average in Montana, and one of the lowest in the United States.


The Burger King building was constructed in 2018 and Burger King's Absolute Triple-Net lease (Corporate Guaranteed) commenced in February of 2019. There are currently 16-years remaining on the original 20-year lease. The initial term expires in February of 2039 and includes 1.25% annual rental increases throughout the lease. Additionally, the lease includes four 5-year options to renew.

Investment Highlights

  • Corporate Guaranteed Lease
  • Located along the signalized hard corner of Euclid Avenue and Allison Street. This corridor sees more than 21,000 vehicles per day (VPD). Carrol College is located one mile east (1,400 enrollment).
  • Strong demographics with more than 30,000 residents within a 3-mile radius. The average household income within a one mile radius is more than $80,000.

Exclusively Listed By

Broker of Record

  • Adam Christofferson

    Senior Vice President/Division Manager

    (801) 736-2600

    License(s) MT: RRE-BRO-LIC-15748

    Montana

Restaurant

Burger King (Corporate Guarantee)

Listing Price: $1,900,000

Cap Rate
6.06%
Tenant Name
Burger King
Years Remaining On Lease
15.2
Guarantor
Corporate Guarantee
Rentable SF
3,500
Lease Type
Absolute Net
Rent Per Square Feet
$32.91

Investment Highlights

  • Corporate Guaranteed Lease
  • Located along the signalized hard corner of Euclid Avenue and Allison Street. This corridor sees more than 21,000 vehicles per day (VPD). Carrol College is located one mile east (1,400 enrollment).
  • Strong demographics with more than 30,000 residents within a 3-mile radius. The average household income within a one mile radius is more than $80,000.

Investment Overview

The subject property is a 3,500-square foot Single-Tenant (Burger King) situated on 0.99-acres in Helena, Montana. More specifically, the property is located along the signalized hard corner of Euclid Avenue and Allison Street. This corridor sees more than 21,000-vehicles per day (VPD). Furthermore, the property is located one mile east of Carroll College with an enrollment of over 1,400-students. As the capitol of Montana, Helena has a very stable and viable economy. It does not have the ups and downs of cities with one major industry or employer that are vulnerable to layoffs during recessions. The largest employers in the city are government-related. In addition to being home to some 10,000 state employees, Helena is the seat of Lewis & Clark County, and several Montana offices of federal agencies are located in Helena as well. The unemployment rate in Helena is traditionally below average in Montana, and one of the lowest in the United States. The Burger King building was constructed in 2018 and Burger King's Absolute Triple-Net lease (Corporate Guaranteed) commenced in February of 2019. There are currently 16-years remaining on the original 20-year lease. The initial term expires in February of 2039 and includes 1.25% annual rental increases throughout the lease. Additionally, the lease includes four 5-year options to renew.

Exclusively Listed By

Broker of Record

  • Adam Christofferson

    Senior Vice President/Division Manager

    (801) 736-2600

    License(s): MT: RRE-BRO-LIC-15748

    Montana

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