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Restaurant

Corporate - Burger King - 14+ Years NNN

103 N Military St, Loretto, TN 38469

Listing Price: $1,082,000

Cap Rate
5.50%
Tenant Name
Burger King Corporate
Years Remaining On Lease
12.7
Guarantor
Corporate Guarantee
Rentable SF
4,160
Lease Type
Absolute Net
Rent Per Square Feet
$14.30

Investment Overview

Marcus & Millichap is pleased to present for sale this single tenant, absolute triple-net Burger King Restaurant investment opportunity located in Loretto, TN. The property consists of approximately 1.17 acres improved with a 4,160 square foot building. built in 2021.
Burger King Corporate took over this lease in January. There are 12.5 years remaining on the lease with rent set at 8.5% of sales paid monthly.
Loretto is situated 90 miles south of Nashville, TN and 50 miles from Huntsville, AL. The city is experiencing population growth within 1, 3, and 5 miles of the property and Lawrence County is home to more than 380,000 residents.

Investment Highlights

  • CORPORATE LOCATION
  • LARGE SIGNALIZED CORNER PARCEL
  • GROWING POPULATION & DEMOGRAPHICS
  • NEW CONSTRUCTION

Exclusively Listed By

Financing By

Restaurant

Corporate - Burger King - 14+ Years NNN

Listing Price: $1,082,000

Cap Rate
5.50%
Tenant Name
Burger King Corporate
Years Remaining On Lease
12.7
Guarantor
Corporate Guarantee
Rentable SF
4,160
Lease Type
Absolute Net
Rent Per Square Feet
$14.30

Investment Highlights

  • CORPORATE LOCATION
  • LARGE SIGNALIZED CORNER PARCEL
  • GROWING POPULATION & DEMOGRAPHICS
  • NEW CONSTRUCTION

Investment Overview

Marcus & Millichap is pleased to present for sale this single tenant, absolute triple-net Burger King Restaurant investment opportunity located in Loretto, TN. The property consists of approximately 1.17 acres improved with a 4,160 square foot building. built in 2021. Burger King Corporate took over this lease in January. There are 12.5 years remaining on the lease with rent set at 8.5% of sales paid monthly. Loretto is situated 90 miles south of Nashville, TN and 50 miles from Huntsville, AL. The city is experiencing population growth within 1, 3, and 5 miles of the property and Lawrence County is home to more than 380,000 residents.

Exclusively Listed By

Financing By

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