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Restaurant

Burger King

1214 N Locust Ave, Lawrenceburg, TN 38464

Listing Price: $1,440,000

Cap Rate
6.35%
Tenant Name
Burger King
Guarantor
Franchisee Guarantee
Rentable SF
2,808
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$32.55

Investment Overview

Marcus & Millichap is pleased to present for sale this single tenant, absolute triple-net Burger King Restaurant investment opportunity located in Lawrenceburg, TN. The property consists of approximately 0.66 acres improved with a 2,800 square foot building. The restaurant was built in 1986 and completely renovated in 2018. A brand new, 20-year NNN lease will be signed at the closing with a 43 unit Franchisee in the Burger King brand.

This franchisee has been a Burger King operator for over a decade. Annual base rent is set at $91,400 with 10% percent rental increases every 5 years, as well as 4, five-year renewal options.

The CEO of the operations passed away in 2022. A restructuring officer was put in place shortly thereafter and the entire 43 units will be put on the market to be sold to another operator in the next 12 months.

Investment Highlights

  • Experienced Operator
  • 20 Year NNN Lease
  • 10% Rental Increases Every 5 Years

Exclusively Listed By

Listing Price: $1,440,000

Cap Rate
6.35%
Tenant Name
Burger King
Guarantor
Franchisee Guarantee
Rentable SF
2,808
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$32.55

Investment Highlights

  • Experienced Operator
  • 20 Year NNN Lease
  • 10% Rental Increases Every 5 Years

Investment Overview

Marcus & Millichap is pleased to present for sale this single tenant, absolute triple-net Burger King Restaurant investment opportunity located in Lawrenceburg, TN. The property consists of approximately 0.66 acres improved with a 2,800 square foot building. The restaurant was built in 1986 and completely renovated in 2018. A brand new, 20-year NNN lease will be signed at the closing with a 43 unit Franchisee in the Burger King brand. This franchisee has been a Burger King operator for over a decade. Annual base rent is set at $91,400 with 10% percent rental increases every 5 years, as well as 4, five-year renewal options. The CEO of the operations passed away in 2022. A restructuring officer was put in place shortly thereafter and the entire 43 units will be put on the market to be sold to another operator in the next 12 months.

Exclusively Listed By

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