Investment Overview

Marcus and Millichap is pleased to present a corporately guaranteed Burger King located 815 South Congress Avenue, West Palm Beach, Florida. Fronting on S. Congress Avenue ( 35,000 + VPD traffic counts) on a huge .8583 acre lot, Burger King has successfully operated in this location for 40+ years on an absolute triple net lease with 5% increases every 5 years. This location is on a major retail corridor and sits directly in front of a US Postal Service sorting facility, minutes from Palm Beach International Airport and is surrounded by major nationally recognized retailers such as Publix, WaWa, 7-11,Dunkin Donuts, McDonald’s, Chase Bank, Extra Space Storage, Family Dollar, … and many more. There is approximately 5.5 years remaining on the current lease with 5-5 year options. The next 5% rent increase takes place on August 9,2027 and again 18 months later in the first option period. Sales in this location are approximately 20% above the Burger King national unit average with ideal trade area demographics within 3 miles of $60,000 household income and average age of 36 years old. Burger King at 815 South Congress Avenue offers and investor to acquire a rare corporately guaranteed, high volume asset with a 40+ year operating history in this location in the heart of Palm Beach County