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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.

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

Restaurant

2550 16 Avenue

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

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