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Restaurant

Burger King

1533 Joe B Jackson Pkwy, Murfreesboro, TN 37127

Listing Price: $2,480,000

Cap Rate
5.00%
Tenant Name
Newell-Berg Alliance, LLC
Gross SF
4,014
Guarantor
Franchisee Guarantee
Rentable SF
4,014
Price/Gross SF
$617.84
Lease Type
Absolute Net
Rent Per Square Feet
$30.89

Investment Overview

Marcus & Millichap is pleased to present for sale this single-tenant, absolute triple-net Burger King Restaurant investment opportunity located in Murfreesboro, TN. The property consists of approximately 1.52 acre improved with a 4,014 square foot building. The restaurant was constructed in 2017. The restaurant will have a new 20-year lease in place with a seasoned RBI Brands Franchisee growing in the Burger King and Popeyes brands. This franchisee has been a Burger King and Popeyes operator for over a decade and has been awarded for his growth and operations within the brand. Annual base rent is set at $124,000 with 7.5% percent rental increases every five years in the base term, as well as the four, five-year renewal options.

The restaurant is located in Murfreesboro, TN which is part of the Nashville, MSA. It is immediately off Interstate 24 in close proximity to an Amazon Fulfillment Center. Along this industrial corridor are other manufacturing, warehouse, and logistics suppliers. Some of these corporations include Schwan Cosmetics, MasTec Network Solutions, Wegmann Automotive, Dexter Stamping, Daiei Manufacturing, and FedEx Ground Distribution.

Investment Highlights

  • 20 Year Sale Leaseback
  • Experienced Operator
  • 8.00% Rent to Sales Ratio
  • Built 2017

Exclusively Listed By

Listing Price: $2,480,000

Cap Rate
5.00%
Tenant Name
Newell-Berg Alliance, LLC
Gross SF
4,014
Guarantor
Franchisee Guarantee
Rentable SF
4,014
Price/Gross SF
$617.84
Lease Type
Absolute Net
Rent Per Square Feet
$30.89

Investment Highlights

  • 20 Year Sale Leaseback
  • Experienced Operator
  • 8.00% Rent to Sales Ratio
  • Built 2017

Investment Overview

Marcus & Millichap is pleased to present for sale this single-tenant, absolute triple-net Burger King Restaurant investment opportunity located in Murfreesboro, TN. The property consists of approximately 1.52 acre improved with a 4,014 square foot building. The restaurant was constructed in 2017. The restaurant will have a new 20-year lease in place with a seasoned RBI Brands Franchisee growing in the Burger King and Popeyes brands. This franchisee has been a Burger King and Popeyes operator for over a decade and has been awarded for his growth and operations within the brand. Annual base rent is set at $124,000 with 7.5% percent rental increases every five years in the base term, as well as the four, five-year renewal options.

The restaurant is located in Murfreesboro, TN which is part of the Nashville, MSA. It is immediately off Interstate 24 in close proximity to an Amazon Fulfillment Center. Along this industrial corridor are other manufacturing, warehouse, and logistics suppliers. Some of these corporations include Schwan Cosmetics, MasTec Network Solutions, Wegmann Automotive, Dexter Stamping, Daiei Manufacturing, and FedEx Ground Distribution.

Exclusively Listed By

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