Restaurant
Burger King | Absolute Net | Prime Location
3163 International Golf Pkwy, St. Augustine, FL 32092
Listing Price: $2,666,233
Investment Overview
Marcus & Millichap presents Burger King, located at 3163 International Golf Parkway in St. Augustine, Florida “the property”. The property consists of a 3,399 square foot, double drive-thru quick service restaurant, situated on 1.56 acres. The Tenant, Royal Restaurant Group – “RRG of Jacksonville, LLC”,
is a 64-Unit QSR operator comprised of Burger King and Potbelly Sandwich Shop locations in Florida and the Midwest. RRG has 12+ years remaining on the guaranteed base term of an absolute net lease for the subject property. Additionally, there are four (4) five-year options with 10% rent escalations every five-years through the base and options
Burger King | Absolute Net | Prime Location
Investment Highlights
- Absolute Net Lease Structure - Zero Landlord Responsibilities
- Prime location on International Golf Parkway less than one mile from 1-95 Interchange in St. Augustine, Florida.
- Surrounded by recently completed or permitted new development highlighted by Home Depot, Buccees, Brass Pro Shops and Costco, all of which serve as significant traffic drivers to the area.
- 12.5+/- years remaining on the base term of the lease with four additional five-year options. 10% rent increases each five-year period throughout the base term and options. The next rent increase is in December of 2026.
Exclusively Listed By
Financing By
Restaurant
Burger King | Absolute Net | Prime Location
Listing Price: $2,666,233
Investment Highlights
- Absolute Net Lease Structure - Zero Landlord Responsibilities
- Prime location on International Golf Parkway less than one mile from 1-95 Interchange in St. Augustine, Florida.
- Surrounded by recently completed or permitted new development highlighted by Home Depot, Buccees, Brass Pro Shops and Costco, all of which serve as significant traffic drivers to the area.
- 12.5+/- years remaining on the base term of the lease with four additional five-year options. 10% rent increases each five-year period throughout the base term and options. The next rent increase is in December of 2026.
Investment Overview
Marcus & Millichap presents Burger King, located at 3163 International Golf Parkway in St. Augustine, Florida “the property”. The property consists of a 3,399 square foot, double drive-thru quick service restaurant, situated on 1.56 acres. The Tenant, Royal Restaurant Group – “RRG of Jacksonville, LLC”, is a 64-Unit QSR operator comprised of Burger King and Potbelly Sandwich Shop locations in Florida and the Midwest. RRG has 12+ years remaining on the guaranteed base term of an absolute net lease for the subject property. Additionally, there are four (4) five-year options with 10% rent escalations every five-years through the base and options
Exclusively Listed By
Financing By
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