Skip to main content

Restaurant

Burger King

24456 Sussex Hwy, Seaford, DE 19973

Listing Price: $2,260,870

Cap Rate
5.75%
Tenant Name
Burger King
Years Remaining On Lease
19.6
Guarantor
Franchisee Guarantee
Rentable SF
2,900
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$44.83

Investment Overview

Projected population growth exceeding 15% within the 1–5-mile trade area over the next four years. Nylon Capital Center—a 220,000 SF, 23-acre community town center—will further enhance retail demand, traffic, and economic activity within this rapidly growing submarket.

Investment Highlights

  • Tenant has operated successfully at this location for over 45 years and reaffirmed its commitment by executing a new 20-year lease.
  • Zero landlord responsibilities combined with fee simple ownership and tax depreciation advantages.
  • 10% rent increases every five years throughout the base term and all option periods.
  • Located on Sussex Hwy (U.S. Route 13), a primary regional thoroughfare with over 35,000 vehicles per day.

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
2,900
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$44.83

Investment Highlights

  • Tenant has operated successfully at this location for over 45 years and reaffirmed its commitment by executing a new 20-year lease.
  • Zero landlord responsibilities combined with fee simple ownership and tax depreciation advantages.
  • 10% rent increases every five years throughout the base term and all option periods.
  • Located on Sussex Hwy (U.S. Route 13), a primary regional thoroughfare with over 35,000 vehicles per day.

Investment Overview

Projected population growth exceeding 15% within the 1–5-mile trade area over the next four years. Nylon Capital Center—a 220,000 SF, 23-acre community town center—will further enhance retail demand, traffic, and economic activity within this rapidly growing submarket.

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

MM Texture Background
MM Textured Background Lower