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Restaurant

Burger King

1290 S Dupont Blvd, Smyrna, DE 19977

Listing Price: $2,260,870

Cap Rate
5.75%
Tenant Name
Burger King
Years Remaining On Lease
19.6
Guarantor
Franchisee Guarantee
Rentable SF
2,500
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$52.00

Investment Overview

Projected population growth of 8.7%+ within a 1–5-mile radius over the next four years. Simon’s Corner—a fully approved 270-unit multifamily community featuring ten (10) 3-story garden-style buildings and a two-story community center—will be constructed directly behind the property, driving long term customer traffic and enhancing site value.

Investment Highlights

  • Tenant has successfully operated at this location for over eight years and recently reaffirmed its commitment by executing a new 20-year lease.
  • Zero landlord responsibilities paired with fee simple ownership and tax depreciation benefits.
  • 10% rent escalations every five years throughout the base term and all renewal options.
  • Located along DuPont Blvd (U.S. Route 13), a major commercial artery with over 30,000 VPD

Exclusively Listed By

Broker of Record

  • Timothy B. Stephenson Jr.

    Managing Director, Market Leader - Philadelphia

    (215) 531-7000

    License(s) DE: RB-0031281

    Delaware

Financing By

Restaurant

Burger King

Listing Price: $2,260,870

Cap Rate
5.75%
Tenant Name
Burger King
Years Remaining On Lease
19.6
Guarantor
Franchisee Guarantee
Rentable SF
2,500
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$52.00

Investment Highlights

  • Tenant has successfully operated at this location for over eight years and recently reaffirmed its commitment by executing a new 20-year lease.
  • Zero landlord responsibilities paired with fee simple ownership and tax depreciation benefits.
  • 10% rent escalations every five years throughout the base term and all renewal options.
  • Located along DuPont Blvd (U.S. Route 13), a major commercial artery with over 30,000 VPD

Investment Overview

Projected population growth of 8.7%+ within a 1–5-mile radius over the next four years. Simon’s Corner—a fully approved 270-unit multifamily community featuring ten (10) 3-story garden-style buildings and a two-story community center—will be constructed directly behind the property, driving long term customer traffic and enhancing site value.

Exclusively Listed By

Broker of Record

  • Timothy B. Stephenson Jr.

    Managing Director, Market Leader - Philadelphia

    (215) 531-7000

    License(s): DE: RB-0031281

    Delaware

Financing By

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