Investment Overview

Marcus & Millichap is pleased to present for sale this Burger King Restaurant with Drive Thru located at 1800 E. Main Street in Alice, Texas. Alice is a city and the county seat of Jim Wells County, Texas with a population exceeding 19,000. Alice was established in1888 and is named after Alice Gertrudis King Kleberg, the daughter of Richard King who established King Ranch. Alice was known for its large cattle industry until the discovery of petroleum beneath the town in the 1940’s which caused a population boom. Today, Alice’s economy is based on the oil industry and more than 100 different oil field companies located in and around the Alice Area. Alice is named “The Hub City” because of its geographical location between Corpus Christi, McAllen, Laredo and San Antonio. This Burger King, which has undergone an extensive remodel, is located on a hard corner signalized intersection with more than 23,000 vehicles per day traffic counts. This Burger King is located directly across the street from a recently built Starbucks and is nearby numerous national retailers including Autozone, 7-11 (Stripes), Harbor Freight, Dollar General, First Community Bank, O’Reilly Auto Parts and Circle K to name a few. A few minutes from this Burger King Restaurant is Coastal Bend College with over 3,500 enrolled students and across the street from Alice High School with 1,300 students. Several apartment complexes surround this Burger King property including Sagewood Apartments with 52 rented units, Avenue One 10 Apartments, Arlington Arms, Encino, Village Green Apartments, Manor Apartments, Alice Village Apartments, Easterling Village Apartments, San Diego Creek Apartments and Guadalupe Apartments. Shopping areas nearby include La Villita Shopping Center, Sagewood Mall, A & L Shopping center, and Southgate Mall. Burger King was founded in 1954 and is the one of the largest fast food hamburger chains in the world. Annual revenue for Burger King Corporation is $2.3 Billion and has over 34,248 employees.