Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a Burger King in Bridgeport, West Virginia. This is a long-term, triple net lease with approximately eight years remaining on the base term. The lease offers four, five-year tenant renewal options with 7.5 percent rent increases every five years throughout the base term and option periods. The building underwent renovations in 2020. This Burger King is operated by GPS Hospitality, LLC, an experienced Burger King, Pizza Hut and Popeyes Louisiana Kitchen franchise. In addition to the Subject Property, the company operates almost 500 restaurants, 400 of which are Burger King. In June 2024, QSR Magazine announced that GPS Hospitality was the first recipient of its Franchisee of the Year Award. And, in 2023, Burger King named GPS Hospitality its “Developer of the Year” at the Burger King North America Franchisee Convention. The Subject Property is located in Bridgeport, W.V., directly off Interstate 79, which is a vital interstate highway connecting Bridgeport to major cities like Charleston, the state capital and most populous city in West Virginia, with a traffic count of more than 60,000 vehicles daily. The average household income within one mile of Subject Property is $103,270. This Burger King is located at the main entry road to the Meadowbrook Mall which is anchored by Target, JCPenney and Marshalls, and has more than 100 other retailers on site. Other surrounding national brands include Dick's Sporting Goods, Old Navy, Hibbett Sports, Planet Fitness, Cinemark Theater, Ulta Beauty, BB&T, Chase Bank, Verizon, T-Mobile, Outback Steakhouse, TGI Friday's, Starbucks, Bob Evans, Hampton Inn, Holiday Inn Express & Suites, Days Inn & Suites, Best Western, Super 8 by Wyndham, Hawthorn Suites by Wyndham, Comfort Suites, Wingate by Wyndham and many more. This Burger King is part of the Morgantown, WV metropolitan statistical area (MSA) and 32 miles from Morgantown, the largest city in north-central West Virginia. The Morgantown Metro encompasses several counties and plays a central role in the state's economy due to its educational institutions, healthcare, and business sectors. This Property is two miles from West Virginia Junior College–Bridgeport Campus, with an enrollment of 146 students and nearly 200 staff and faculty members; and three miles from United Hospital Center, a 264-bed hospital with more than 140 primary care and specialty physicians. The Property is also only three miles from FBI’s Criminal Justice Information Services Division (CJIS), located in Clarksburg, WV – this is the FBI’s largest division and a major employer in the area.