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Restaurant

Burger King

875 East U.S. Highway 60, Monett, MO 65708

Listing Price: $1,595,000

Cap Rate
7.25%
Tenant Name
Burger King
Years Remaining On Lease
3.0
Gross SF
3,619
Guarantor
Franchisee Guarantee
Rentable SF
3,619
Price/Gross SF
$440.73
Lease Type
Absolute Net
Rent Per Square Feet
$31.94

Investment Overview

Marcus & Millichap is pleased to present an Absolute Net Leased Burger King with 1.5% annual rent increases. The base lease term has 3 years remaining and there are four option periods for the tenant to extend the term for five years each. The Burger King is well-located at a hard corner site situated along East U.S. Highway 60 and is an outparcel to a Walmart Supercenter. The reported traffic count at the property exceeds 11,000 vehicles per day. The building is 3,619 square feet, positioned on a 1.03-acre parcel. Other nearby tenants include Lowe's, Dollar Tree, Murphy Gas, Domino's, O’Reilly, Arby’s, Taco Bell, Subway and Days Inn. The property also benefits from close proximity to Monett Intermediate School, Monett High School, the Monett Police Department, and multiple churches all within one mile of this Burger King restaurant. Tasty King is the franchisee operator, operating under the parent company Tasty Brands, LP.

Investment Highlights

  • Absolute NNN Lease, No Landlord Responsibilities
  • 1.5% Annual Rent Increases
  • 11,000+ Population, 3 Mile Radius

Exclusively Listed By

Broker of Record

  • Dave Saverin

    Senior Director Investments

    (314) 889-2555

    License(s) MO: 2008013520

    Missouri

Listing Price: $1,595,000

Cap Rate
7.25%
Tenant Name
Burger King
Years Remaining On Lease
3.0
Gross SF
3,619
Guarantor
Franchisee Guarantee
Rentable SF
3,619
Price/Gross SF
$440.73
Lease Type
Absolute Net
Rent Per Square Feet
$31.94

Investment Highlights

  • Absolute NNN Lease, No Landlord Responsibilities
  • 1.5% Annual Rent Increases
  • 11,000+ Population, 3 Mile Radius

Investment Overview

Marcus & Millichap is pleased to present an Absolute Net Leased Burger King with 1.5% annual rent increases. The base lease term has 3 years remaining and there are four option periods for the tenant to extend the term for five years each. The Burger King is well-located at a hard corner site situated along East U.S. Highway 60 and is an outparcel to a Walmart Supercenter. The reported traffic count at the property exceeds 11,000 vehicles per day. The building is 3,619 square feet, positioned on a 1.03-acre parcel. Other nearby tenants include Lowe's, Dollar Tree, Murphy Gas, Domino's, O’Reilly, Arby’s, Taco Bell, Subway and Days Inn. The property also benefits from close proximity to Monett Intermediate School, Monett High School, the Monett Police Department, and multiple churches all within one mile of this Burger King restaurant. Tasty King is the franchisee operator, operating under the parent company Tasty Brands, LP.

Exclusively Listed By

Broker of Record

  • Dave Saverin

    Senior Director Investments

    (314) 889-2555

    License(s): MO: 2008013520

    Missouri

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