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Restaurant

Burger King | Absolute Net | Prime Location

3163 International Golf Pkwy, St. Augustine, FL 32092

Listing Price: $2,666,233

Cap Rate
5.15%
Tenant Name
Royal Restaurant Group
Years Remaining On Lease
12.5
Gross SF
3,399
Guarantor
Franchisee Guarantee
Rentable SF
3,399
Price/Gross SF
$784.42
Lease Type
Absolute Net
Rent Per Square Feet
$40.40

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

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

Cap Rate
5.15%
Tenant Name
Royal Restaurant Group
Years Remaining On Lease
12.5
Gross SF
3,399
Guarantor
Franchisee Guarantee
Rentable SF
3,399
Price/Gross SF
$784.42
Lease Type
Absolute Net
Rent Per Square Feet
$40.40

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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