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Restaurant

Burger King Ground Lease | McDonald's Shared Access | Lowest Rent on Market

1317 Preacher Roe Blvd, West Plains, MO 65775

Listing Price: $761,250

Cap Rate
4.00%
Tenant Name
Burger King
Years Remaining On Lease
11.4
Gross SF
3,000
Guarantor
Franchisee Guarantee
Rentable SF
3,000
Price/Gross SF
$253.75
Lease Type
Ground Lease
Rent Per Square Feet
$10.15

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a ground-leased Burger King property on a 1.4-acre lot in West Plains, Missouri. The property is located on Preacher Roe Blvd. with over 12,933 vehicles per day. The property shares a signalized intersection with McDonald's and the entrance to a Walmart-anchored shopping center.

The property has been ground leased to a Burger King operator since 1995. There are approximately 11 years remaining in the initial term, with four, five-year renewal options thereafter.

Situated within the main retail hub for the city, the property is surrounded by national tenants including, Walmart Supercenter, Habor Freight Tool, Big Lots, Walgreens, Dollar Tree, Ave Hardware, O'Reilly Auto Parts and more.

Investment Highlights

  • Extremely Low Ground Lease Rent | Lowest Rent Burger King On Market
  • Frontage on Preacher Roe Blvd. with 12,933 VPD with Signalized Shared Access Reciprocal Easement with McDonald's and 3 Total Points of Entry
  • Very Low Price Point For National Credit and Low Price Price Per SF
  • Adjacent to McDonald's that is Approximately Top 70 Percentile Nationwide with 583k Visits a Year Per Placer.ai
  • Additional Frontage and Access from Mitchel Road with 2,634 VPD
  • Strong Burger King Operator Tasty King with 55 Units and is a Subsidiary of Tasty Restaurant Group who Operates 430 Units Across 6 Brands
  • Signalized Intersection with Entrance to Walmart Supercenter Anchored Shopping Center

Exclusively Listed By

Broker of Record

  • Dave Saverin

    Regional Manager

    (314) 889-2500

    License(s) MO: 2008013520

    Missouri

Financing By

Restaurant

Burger King Ground Lease | McDonald's Shared Access | Lowest Rent on Market

Listing Price: $761,250

Cap Rate
4.00%
Tenant Name
Burger King
Years Remaining On Lease
11.4
Gross SF
3,000
Guarantor
Franchisee Guarantee
Rentable SF
3,000
Price/Gross SF
$253.75
Lease Type
Ground Lease
Rent Per Square Feet
$10.15

Investment Highlights

  • Extremely Low Ground Lease Rent | Lowest Rent Burger King On Market
  • Frontage on Preacher Roe Blvd. with 12,933 VPD with Signalized Shared Access Reciprocal Easement with McDonald's and 3 Total Points of Entry
  • Very Low Price Point For National Credit and Low Price Price Per SF
  • Adjacent to McDonald's that is Approximately Top 70 Percentile Nationwide with 583k Visits a Year Per Placer.ai
  • Additional Frontage and Access from Mitchel Road with 2,634 VPD
  • Strong Burger King Operator Tasty King with 55 Units and is a Subsidiary of Tasty Restaurant Group who Operates 430 Units Across 6 Brands
  • Signalized Intersection with Entrance to Walmart Supercenter Anchored Shopping Center

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a ground-leased Burger King property on a 1.4-acre lot in West Plains, Missouri. The property is located on Preacher Roe Blvd. with over 12,933 vehicles per day. The property shares a signalized intersection with McDonald's and the entrance to a Walmart-anchored shopping center. The property has been ground leased to a Burger King operator since 1995. There are approximately 11 years remaining in the initial term, with four, five-year renewal options thereafter. Situated within the main retail hub for the city, the property is surrounded by national tenants including, Walmart Supercenter, Habor Freight Tool, Big Lots, Walgreens, Dollar Tree, Ave Hardware, O'Reilly Auto Parts and more.

Exclusively Listed By

Broker of Record

  • Dave Saverin

    Regional Manager

    (314) 889-2500

    License(s): MO: 2008013520

    Missouri

Financing By

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