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Restaurant

Burger King

495 San Antonio Ave, Many, LA 71449

Listing Price: $1,850,000

Cap Rate
6.72%
Tenant Name
GPS Hospitality
Years Remaining On Lease
5.5
Gross SF
2,820
Guarantor
Franchisee Guarantee
Rentable SF
2,820
Price/Gross SF
$656.03
Lease Type
Absolute Net
Rent Per Square Feet
$44.09

Investment Overview

Marcus & Millichap is pleased to exclusively offer this Absolute NNN Leased Burger King with over 5.5 Years remaining on an original 20 Year Lease. This site has a long history operating as a Burger King over 25 years and the building was fully remodeled in 2019 showing a commitment to the site. The Lease has highly attractive 2% Rental Increases Annually and Four 5-Year Options Remaining. The Lease is guaranteed by GPS Hospitality who is a top 3 largest franchisee in the Burger King system with over 400 stores across the country.

Investment Highlights

  • Over 5.5 Years Remaining on an Absolute NNN Lease with Zero Landlord Responsibilities
  • Highly Attractive Rental Increases of 2% Annually | Four 5-Year Options Remaining
  • Lease Guaranteed by GPS Hospitality a Top 3 franchisee with over 400+ locations
  • Long Historical Occupancy Since 1998 | Full Interior and Exterior Remodel in 2019

Exclusively Listed By

Broker of Record

  • Steve Greer

    First Vice President Investments

    (225) 376-6729

    License(s) LA: BROK.995710346-ASA

    Louisiana

Restaurant

Burger King

Listing Price: $1,850,000

Cap Rate
6.72%
Tenant Name
GPS Hospitality
Years Remaining On Lease
5.5
Gross SF
2,820
Guarantor
Franchisee Guarantee
Rentable SF
2,820
Price/Gross SF
$656.03
Lease Type
Absolute Net
Rent Per Square Feet
$44.09

Investment Highlights

  • Over 5.5 Years Remaining on an Absolute NNN Lease with Zero Landlord Responsibilities
  • Highly Attractive Rental Increases of 2% Annually | Four 5-Year Options Remaining
  • Lease Guaranteed by GPS Hospitality a Top 3 franchisee with over 400+ locations
  • Long Historical Occupancy Since 1998 | Full Interior and Exterior Remodel in 2019

Investment Overview

Marcus & Millichap is pleased to exclusively offer this Absolute NNN Leased Burger King with over 5.5 Years remaining on an original 20 Year Lease. This site has a long history operating as a Burger King over 25 years and the building was fully remodeled in 2019 showing a commitment to the site. The Lease has highly attractive 2% Rental Increases Annually and Four 5-Year Options Remaining. The Lease is guaranteed by GPS Hospitality who is a top 3 largest franchisee in the Burger King system with over 400 stores across the country.

Exclusively Listed By

Broker of Record

  • Steve Greer

    First Vice President Investments

    (225) 376-6729

    License(s): LA: BROK.995710346-ASA

    Louisiana

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