Restaurant

Burger King

6628 S 2500 E, Uintah, UT 84405

Listing Price: $2,700,000

Cap Rate
5.13%
Tenant Name
Burger King
Years Remaining On Lease
18.1
Guarantor
Franchisee Guarantee
Rentable SF
4,125
Lease Type
Absolute Net
Rent Per Square Feet
$33.55

Investment Overview

Marcus and Millichap is pleased to present Burger King in Marcus and Millichap is pleased to present Burger King in Uintah, UT. About Franchisee: Meridian Restaurants, founded in 2002 with 14 restaurants, currently manages 130+ units and their growth continues! About Burger King: Burger King Holdings operates the worlds #2 hamburger chain (behind McDonalds) with more than 17,800 restaurants in the U.S. and more than 70 other countries. In addition to its popular Whopper sandwich, the chain offers a variety of burgers, chicken sandwiches, salads, and breakfast items. More than 1,300 Burger King locations are company owned, while the rest are owned and operated by franchisees. In 2014, Burger King Corporation purchased Canadian restaurant brand, Tim Hortons. After the deal, Burger King Corporation was renamed Restaurant Brands International (RBI). RBI is one of the worlds largest quick service restaurant companies with $34 billion in system-wide sales and over 27,000 restaurants in 100 countries. Meridian Restaurants, founded in 2002, operates 137 restaurants in eleven states spread across 3 top-tier brands: Burger King, Chilis, and Black Bear Diner. The company employs over 5,000 team members across their restaurants.

Investment Highlights

  • 18 Year Lease
  • 130 Unit Operator
  • Absolute Net Lease

Exclusively Listed By

Listing Price: $2,700,000

Cap Rate
5.13%
Tenant Name
Burger King
Years Remaining On Lease
18.1
Guarantor
Franchisee Guarantee
Rentable SF
4,125
Lease Type
Absolute Net
Rent Per Square Feet
$33.55

Investment Highlights

  • 18 Year Lease
  • 130 Unit Operator
  • Absolute Net Lease

Investment Overview

Marcus and Millichap is pleased to present Burger King in Marcus and Millichap is pleased to present Burger King in Uintah, UT. About Franchisee: Meridian Restaurants, founded in 2002 with 14 restaurants, currently manages 130+ units and their growth continues! About Burger King: Burger King Holdings operates the worlds #2 hamburger chain (behind McDonalds) with more than 17,800 restaurants in the U.S. and more than 70 other countries. In addition to its popular Whopper sandwich, the chain offers a variety of burgers, chicken sandwiches, salads, and breakfast items. More than 1,300 Burger King locations are company owned, while the rest are owned and operated by franchisees. In 2014, Burger King Corporation purchased Canadian restaurant brand, Tim Hortons. After the deal, Burger King Corporation was renamed Restaurant Brands International (RBI). RBI is one of the worlds largest quick service restaurant companies with $34 billion in system-wide sales and over 27,000 restaurants in 100 countries. Meridian Restaurants, founded in 2002, operates 137 restaurants in eleven states spread across 3 top-tier brands: Burger King, Chilis, and Black Bear Diner. The company employs over 5,000 team members across their restaurants.

Exclusively Listed By

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