Restaurant
New-Construction Burger King
40 Town Hill Rd, Louisa, KY 41230
Listing Price: $2,160,000
Cap Rate
6.25%
Tenant Name
Burger King
Years Remaining On Lease
19.4
Guarantor
Franchisee Guarantee
Rentable SF
2,816
Lease Type
Absolute Net
Rent Per Square Feet
$47.94
Investment Overview
Marcus & Millichap is proud to present a brand-new construction Burger King featuring a long-term 20-yr NNN lease with four, 5-yr options to renew.
New-Construction Burger King
Investment Highlights
- 20-year NNN LEASE with Attractive 7.5% Rent Increases every Five (5) Years, as well as Four, 5-Year Options to Renew
- Positioned alongside U.S. 23 with direct on/off ramp access from KY-32 (Old U.S. 23) which sees nearly 10,000 vehicles per day.
- Backed by an expanding regional Franchisee with nearly 500 franchised restaurants under four QSR brands: TACO BELL, BURGER KING, CHURCH'S CHICKEN and LITTLE CAESARS.
Exclusively Listed By
Broker of Record
Listing Price: $2,160,000
Cap Rate
6.25%
Tenant Name
Burger King
Years Remaining On Lease
19.4
Guarantor
Franchisee Guarantee
Rentable SF
2,816
Lease Type
Absolute Net
Rent Per Square Feet
$47.94
Investment Highlights
- 20-year NNN LEASE with Attractive 7.5% Rent Increases every Five (5) Years, as well as Four, 5-Year Options to Renew
- Positioned alongside U.S. 23 with direct on/off ramp access from KY-32 (Old U.S. 23) which sees nearly 10,000 vehicles per day.
- Backed by an expanding regional Franchisee with nearly 500 franchised restaurants under four QSR brands: TACO BELL, BURGER KING, CHURCH'S CHICKEN and LITTLE CAESARS.
Investment Overview
Marcus & Millichap is proud to present a brand-new construction Burger King featuring a long-term 20-yr NNN lease with four, 5-yr options to renew.
Exclusively Listed By
Broker of Record
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