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Restaurant

Burger King - Parker, AZ

701 W Riverside Dr, Parker, AZ 85344

Listing Price: $1,076,364

Cap Rate
5.33%
Tenant Name
Burger King
Years Remaining On Lease
8.4
Gross SF
2,275
Guarantor
Local Franchisor
Rentable SF
2,275
Price/Gross SF
$473.13
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$25.24

Investment Overview

Marcus & Millichap is proud to present a fee simple absolute NNN Burger King opportunity located in Parker, Arizona. The tenant currently has over 9.5 years remaining in the initial lease term as well as two (one) year option extensions. The lease also features a three percent increase every five years in the base rent as well as an eight percent percentage rent paid at year-end subject to reported sales (call broker for details).

The opportunity carries limited downside risk and the potential for substantial increase in rental income due to the percentage rent structure. Burger King has operated in Parker, Arizona for over 10 Years. The current operator of the subject property is Provident Capital Partners Arizona, LLC, which operates multiple QSR concepts nationally.

Parker, Arizona serves as a gateway city to Lake Havasu which attracts approximately 835,000 visitors annually. The surrounding area is populated with major retailers and services, including McDonald’s, Walmart, Hampton Inn, Arizona Western College, O’Reilly Auto Parts, Pizza Hut, Wells Fargo, and Family Dollar.

Investment Highlights

  • Ideal Management-Free Investment for Passive Investor
  • Absolute NNN Fee Simple with Zero Landlord Responsibilities
  • Currently 9.5 Year Remaining on Initial Term & Two (One) Year Options to Extend
  • Three Percent Increases Every Five Years, Eight Percent Percentage Rent Year End Credit
  • Mitigated Downside with Potential Increase in Rent Due to Percentage Rent Contact Broker for Details
  • Parker Arizona is a Gateway City to Lake Havasu (40 Minutes Drive / 38 Miles) which Attracts Approximately 835,000 Visitors Annually
  • Surrounded by Major Retailers and Services such as McDonald's, Walmart, Hampton Inn, Arizona Western College, O'Reilly Auto Parts, Pizza Hut, Wells Fargo, Family Dollar

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    First Vice President/Regional Manager

    (602) 687-6700

    License(s) AZ: BR675146000

    Arizona

Financing By

Restaurant

Burger King - Parker, AZ

Listing Price: $1,076,364

Cap Rate
5.33%
Tenant Name
Burger King
Years Remaining On Lease
8.4
Gross SF
2,275
Guarantor
Local Franchisor
Rentable SF
2,275
Price/Gross SF
$473.13
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$25.24

Investment Highlights

  • Ideal Management-Free Investment for Passive Investor
  • Absolute NNN Fee Simple with Zero Landlord Responsibilities
  • Currently 9.5 Year Remaining on Initial Term & Two (One) Year Options to Extend
  • Three Percent Increases Every Five Years, Eight Percent Percentage Rent Year End Credit
  • Mitigated Downside with Potential Increase in Rent Due to Percentage Rent Contact Broker for Details
  • Parker Arizona is a Gateway City to Lake Havasu (40 Minutes Drive / 38 Miles) which Attracts Approximately 835,000 Visitors Annually
  • Surrounded by Major Retailers and Services such as McDonald's, Walmart, Hampton Inn, Arizona Western College, O'Reilly Auto Parts, Pizza Hut, Wells Fargo, Family Dollar

Investment Overview

Marcus & Millichap is proud to present a fee simple absolute NNN Burger King opportunity located in Parker, Arizona. The tenant currently has over 9.5 years remaining in the initial lease term as well as two (one) year option extensions. The lease also features a three percent increase every five years in the base rent as well as an eight percent percentage rent paid at year-end subject to reported sales (call broker for details). The opportunity carries limited downside risk and the potential for substantial increase in rental income due to the percentage rent structure. Burger King has operated in Parker, Arizona for over 10 Years. The current operator of the subject property is Provident Capital Partners Arizona, LLC, which operates multiple QSR concepts nationally. Parker, Arizona serves as a gateway city to Lake Havasu which attracts approximately 835,000 visitors annually. The surrounding area is populated with major retailers and services, including McDonald’s, Walmart, Hampton Inn, Arizona Western College, O’Reilly Auto Parts, Pizza Hut, Wells Fargo, and Family Dollar.

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    First Vice President/Regional Manager

    (602) 687-6700

    License(s): AZ: BR675146000

    Arizona

Financing By

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