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Restaurant

Burger King-15 Year Sale-Lease Back

14820 Griffin Rd, Davie, FL 33331

Listing Price: $3,500,000

Cap Rate
4.75%
Tenant Name
Burger King
Years Remaining On Lease
14.9
Guarantor
Franchisee Guarantee
Rentable SF
4,256
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$39.06

Investment Overview

Marcus & Millichap is pleased to present an exclusive opportunity to acquire an established Burger King property at 14820 Griffin Rd, Davie, FL. Spanning over two decades of successful operation, this asset is being presented with a new 15-year absolute triple net lease, which will be signed on closing date, boasting 10% rent increases every 5 years and backed by a seasoned Burger King franchisee.

Strategically located in Davie, a burgeoning suburb of Fort Lauderdale, this Burger King establishment caters to the affluent neighborhoods of Weston, Southwest Ranches, and West Davie. Adding to its appeal, the property is adjacent to a bustling Publix-anchored shopping center, ensuring a high frequency of visitors. Prominently positioned with extensive frontage on Griffin Road and conveniently situated near the exit ramp of Interstate 75, it offers unparalleled visibility.

Burger King, a titan in the fast-food industry, is the second-largest hamburger chain in the United States. With its inception dating back to the mid-20th century, Burger King has pioneered flame-broiled fast-food hamburgers, with a presence in nearly 100 countries and approximately 18,700 outlets. Their Miami-based headquarters further solidify their deep-rooted connection to the Florida market.

This investment proposition offers the rare confluence of an iconic global tenant and a prime location in one of Florida's fastest-growing areas. The inherent value of its strategic positioning, coupled with the assurance of a long-standing and well-regarded tenant, makes this an unparalleled investment opportunity in Florida's vibrant real estate landscape.

Investment Highlights

  • New Absolute Triple Net Lease With 15 Year Term Upon Closing
  • Well Established Location Operating For More Than 25 Years At This Site
  • Burger King Franchisee Has More Than 40 Years Of Experience
  • Coveted Broward County QSR Property With A Drive Thru
  • Densely Populated – 55,684 Within A 3 Mile Radius
  • Strong Household Income – $153,636 Within A 3 Mile Radius
  • Oversized 1.11 AC Parcel With Ample Parking
  • Located Adjacent to Publix Anchored Retail Center & Major Exit Ramp Of An Interstate Highway

Exclusively Listed By

Financing By

Restaurant

Burger King-15 Year Sale-Lease Back

Listing Price: $3,500,000

Cap Rate
4.75%
Tenant Name
Burger King
Years Remaining On Lease
14.9
Guarantor
Franchisee Guarantee
Rentable SF
4,256
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$39.06

Investment Highlights

  • New Absolute Triple Net Lease With 15 Year Term Upon Closing
  • Well Established Location Operating For More Than 25 Years At This Site
  • Burger King Franchisee Has More Than 40 Years Of Experience
  • Coveted Broward County QSR Property With A Drive Thru
  • Densely Populated – 55,684 Within A 3 Mile Radius
  • Strong Household Income – $153,636 Within A 3 Mile Radius
  • Oversized 1.11 AC Parcel With Ample Parking
  • Located Adjacent to Publix Anchored Retail Center & Major Exit Ramp Of An Interstate Highway

Investment Overview

Marcus & Millichap is pleased to present an exclusive opportunity to acquire an established Burger King property at 14820 Griffin Rd, Davie, FL. Spanning over two decades of successful operation, this asset is being presented with a new 15-year absolute triple net lease, which will be signed on closing date, boasting 10% rent increases every 5 years and backed by a seasoned Burger King franchisee. Strategically located in Davie, a burgeoning suburb of Fort Lauderdale, this Burger King establishment caters to the affluent neighborhoods of Weston, Southwest Ranches, and West Davie. Adding to its appeal, the property is adjacent to a bustling Publix-anchored shopping center, ensuring a high frequency of visitors. Prominently positioned with extensive frontage on Griffin Road and conveniently situated near the exit ramp of Interstate 75, it offers unparalleled visibility. Burger King, a titan in the fast-food industry, is the second-largest hamburger chain in the United States. With its inception dating back to the mid-20th century, Burger King has pioneered flame-broiled fast-food hamburgers, with a presence in nearly 100 countries and approximately 18,700 outlets. Their Miami-based headquarters further solidify their deep-rooted connection to the Florida market. This investment proposition offers the rare confluence of an iconic global tenant and a prime location in one of Florida's fastest-growing areas. The inherent value of its strategic positioning, coupled with the assurance of a long-standing and well-regarded tenant, makes this an unparalleled investment opportunity in Florida's vibrant real estate landscape.

Exclusively Listed By

Financing By

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