Restaurant
Burger King
2020 Ken Pratt Blvd, Longmont, CO 80501
Listing Price: $1,692,000
Cap Rate
5.54%
Tenant Name
Burger King
Years Remaining On Lease
12.2
Gross SF
2,958
Guarantor
Franchisee Guarantee
Rentable SF
2,958
Price/Gross SF
$572.01
Lease Type
Absolute Net
Rent Per Square Feet
$31.69
Investment Overview
Marcus & Millichap is pleased to exclusively offer for sale a Burger King in Longmont, CO
Burger King
Investment Highlights
- Passive Cash-flow: 12+ years remaining on an absolute NNN lease with no landlord responsibilities.
- Percentage Rent Lease: This rare structure provides investors with potential upside in rent and a hedge against inflation. The lease also assures that the tenant remains profitable and committed
- Recent Re-model: The 2,958 SF drive-thru building was completely remodeled in 2016 to reflect the most recent Burger King building prototype.
- Low Price point & Replaceable Rent: The tenant is paying below typical rent compared to other free-standing QSR properties throughout Colorado. It is also currently one of the lowest price-point QSR listings in the state.
- Village At the Peaks: The property is situated at the entrance to the Village at the Peaks shopping center, the most visited shopping center in Longmont. With 6 million annual visits, the Village at Peaks ranks in the 97th percentile for shopping centers nationwide and the 96th percentile for shopping centers in Colorado.
- Strategic location: The subject has direct visibility and access from Ken Pratt Blvd (25,000+ VPD). Situated on a signalized corner pad to the larger center, patrons can easily access the property on their way to and from the larger center.
- Longmont, CO: Longmont is one of the fastest growing municipalities in Colorado, boasting a staggering population growth rate of 36.05% from 2020 to 2023. Northern Colorado is expected to continue to see a dramatic population increase in the coming decade. The subject property is located just 2.8 miles from downtown Longmont. The average household income within a 3-mile radius is $78,519.
Exclusively Listed By
Listing Price: $1,692,000
Cap Rate
5.54%
Tenant Name
Burger King
Years Remaining On Lease
12.2
Gross SF
2,958
Guarantor
Franchisee Guarantee
Rentable SF
2,958
Price/Gross SF
$572.01
Lease Type
Absolute Net
Rent Per Square Feet
$31.69
Investment Highlights
- Passive Cash-flow: 12+ years remaining on an absolute NNN lease with no landlord responsibilities.
- Percentage Rent Lease: This rare structure provides investors with potential upside in rent and a hedge against inflation. The lease also assures that the tenant remains profitable and committed
- Recent Re-model: The 2,958 SF drive-thru building was completely remodeled in 2016 to reflect the most recent Burger King building prototype.
- Low Price point & Replaceable Rent: The tenant is paying below typical rent compared to other free-standing QSR properties throughout Colorado. It is also currently one of the lowest price-point QSR listings in the state.
- Village At the Peaks: The property is situated at the entrance to the Village at the Peaks shopping center, the most visited shopping center in Longmont. With 6 million annual visits, the Village at Peaks ranks in the 97th percentile for shopping centers nationwide and the 96th percentile for shopping centers in Colorado.
- Strategic location: The subject has direct visibility and access from Ken Pratt Blvd (25,000+ VPD). Situated on a signalized corner pad to the larger center, patrons can easily access the property on their way to and from the larger center.
- Longmont, CO: Longmont is one of the fastest growing municipalities in Colorado, boasting a staggering population growth rate of 36.05% from 2020 to 2023. Northern Colorado is expected to continue to see a dramatic population increase in the coming decade. The subject property is located just 2.8 miles from downtown Longmont. The average household income within a 3-mile radius is $78,519.
Investment Overview
Marcus & Millichap is pleased to exclusively offer for sale a Burger King in Longmont, CO
Exclusively Listed By
To view property details and documents, sign up for a free MyMMI account.
Explore exclusive listings, access research insights, and set up automated alerts for a personalized experience. Sign up now to elevate your property search.
