Restaurant

Burger King

178 US-22, Green Brook Township, NJ 08812

Listing Price: $2,290,909

Cap Rate
5.50%
Tenant Name
Rackson Restaurants
Guarantor
Franchisee Guarantee
Rentable SF
3,416
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$36.89

Investment Overview

arcus & Millichap is pleased to present the exclusive offering for the Burger King located at 178 Route 22 West in Green Brook, New Jersey. The site consists of roughly 3,416 rentable square feet of building space on estimated 1.42-acre parcel of land. This Burger King is subject to a brand-new 20-year absolute triple-net (NNN) lease that will commence upon the close of escrow. The base annual rent will be$126,000 and is scheduled to increase by twelve and one-half percent (12.5%) every five (5) years and into each of the four (4), five (5)-year renewal options.

Investment Highlights

  • Brand-New 20-Year Lease Featuring a Franchisee Guaranty from Rackson Restaurants
  • Absolute Triple-Net (NNN) Lease with Zero Landlord Responsibilities
  • Remodel Coming 2021! | Will Feature a Double Drive-Thru, Exterior Façade Remodel, and Interior Dining Room Remodel

Broker of Record

  • Brian Hosey

    Vice President / District Manager

    License(s): NJ: 1434917

    New Jersey

Listing Price: $2,290,909

Cap Rate
5.50%
Tenant Name
Rackson Restaurants
Guarantor
Franchisee Guarantee
Rentable SF
3,416
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$36.89

Investment Highlights

  • Brand-New 20-Year Lease Featuring a Franchisee Guaranty from Rackson Restaurants
  • Absolute Triple-Net (NNN) Lease with Zero Landlord Responsibilities
  • Remodel Coming 2021! | Will Feature a Double Drive-Thru, Exterior Façade Remodel, and Interior Dining Room Remodel

Investment Overview

arcus & Millichap is pleased to present the exclusive offering for the Burger King located at 178 Route 22 West in Green Brook, New Jersey. The site consists of roughly 3,416 rentable square feet of building space on estimated 1.42-acre parcel of land. This Burger King is subject to a brand-new 20-year absolute triple-net (NNN) lease that will commence upon the close of escrow. The base annual rent will be$126,000 and is scheduled to increase by twelve and one-half percent (12.5%) every five (5) years and into each of the four (4), five (5)-year renewal options.

Broker of Record

  • Brian Hosey

    Vice President / District Manager

    License(s): NJ: 1434917

    New Jersey

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