Restaurant
2550 16 Avenue
2550 16 Avenue, Cold Lake, AB T9M 0E3
Listing Price: $2,250,000
Cap Rate
6.79%
Tenant Name
2057296 Alberta Ltd. o/a Burger King
Years Remaining On Lease
6.4
Guarantor
Franchisee Guarantee
Rentable SF
3,629
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$42.12
Investment Overview
The Subject Property represents a stable, income-producing QSR drive-thru operating under well-known national banners, Burger King and The Chopped Leaf. The tenants are operating on completely NNN leases with minimal landlord responsibilities.
2550 16 Avenue
Investment Highlights
- Leased on a NNN and carefree basis to successful franchisees, operating under well-known national banners: Burger King and The Chopped Lea
- New construction, built in 2020.
- Dual lane drive-thru.
- Excellent exposure and access to major Alberta Provincial Highways, Highway 28 and Highway 55
- Tenants take care of all day-to-day management of the property including snow removal, landscaping, garbage removal, HVAC maintenance, etc
Exclusively Listed By
Listing Price: $2,250,000
Cap Rate
6.79%
Tenant Name
2057296 Alberta Ltd. o/a Burger King
Years Remaining On Lease
6.4
Guarantor
Franchisee Guarantee
Rentable SF
3,629
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$42.12
Investment Highlights
- Leased on a NNN and carefree basis to successful franchisees, operating under well-known national banners: Burger King and The Chopped Lea
- New construction, built in 2020.
- Dual lane drive-thru.
- Excellent exposure and access to major Alberta Provincial Highways, Highway 28 and Highway 55
- Tenants take care of all day-to-day management of the property including snow removal, landscaping, garbage removal, HVAC maintenance, etc
Investment Overview
The Subject Property represents a stable, income-producing QSR drive-thru operating under well-known national banners, Burger King and The Chopped Leaf. The tenants are operating on completely NNN leases with minimal landlord responsibilities.
Exclusively Listed By
