Skip to main content

Restaurant

Burger King

51 Washington Ave, Huntington, WV 25701

Listing Price: $2,275,000

Cap Rate
5.15%
Tenant Name
Burger King
Years Remaining On Lease
19.7
Gross SF
3,186
Guarantor
Franchisee Guarantee
Rentable SF
3,186
Price/Gross SF
$714.06
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$36.77

Investment Overview

The property consists of three parcels totaling .87 acres of land improved with a 3,186-square foot building. The restaurant has a new 20-year lease in place. Annual base rent is set at $117,159 with 7.5 percent rental increases every five years, as well as in each of the four five-year options. EXCELLENT LOCATION Located in the heart of Huntington’s retail corridor along the Ohio River, the restaurant serves a mix of professional, industrial, and residential districts. The site boast several points of ingress/egress, on both Washington and Adams Avenue with pylon signs facing each direction. It also has ample parking, a double drive-thru, and a healthy daytime population of nearly 90,000 people within a five-mile radius. Neighboring retailers include Taco Bell, KFC, McDonald’s, Walgreens, CVS, and ALDI. Sitting on the Ohio River at the point where West Virginia, Ohio and Kentucky meet, the historic city of Huntington is home to the largest river port in the US and the second-busiest inland port in the country. Part of the Tri-State MSA of Huntington-Ashland WV-KY-OH, it is home to Marshall University and its surrounding campus, as well as Pullman Square and Ritter Park. ESTABLISHED HISTORICAL PRESENCE The Burger King has been a long-time tenant at this location with an established historical presence of more than 40 years. Sales are trending above the brand’s national average with an established healthy rent-to-sales ratio. Triple-Net (NNN) lease with no landlord responsibility. There are three parcels included in the sale, including a .25-acre lot facing Adam’s street with possible reuse potential (buyer must complete all due diligence to verify possibilities). STRONG GUARANTEE | GLOBALY RECOGNIZED BRAND Strong 54-unit guarantee with Ampler Burgers Ohio, LLC , an entity of Ampler Development, a rapidly growing, multi-brand franchise restaurant group currently operating 400+ restaurants, including Burger King, Taco Bell, Little Caesars and Church’s Chicken. Founded in 1954, the BURGER KING® brand is the second largest fast-food hamburger chain in the world.

Investment Highlights

  • - New 20-Year Lease with Four Five-Year Options and Increases
  • - Outstanding Sales | Pandemic Resilient Essential Business
  • - Established Historical Presence of More Than 40 Years
  • - Three-Parcel Property, Including Detached Lot with Street Frontage
  • - Strong Franchisee Guarantee by 54 Unit Operator

Exclusively Listed By

Broker of Record

  • Francis McGuire

    Broker Of Record

    License(s): WV0019009

    West Virginia

Financing By

Listing Price: $2,275,000

Cap Rate
5.15%
Tenant Name
Burger King
Years Remaining On Lease
19.7
Gross SF
3,186
Guarantor
Franchisee Guarantee
Rentable SF
3,186
Price/Gross SF
$714.06
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$36.77

Investment Highlights

  • - New 20-Year Lease with Four Five-Year Options and Increases
  • - Outstanding Sales | Pandemic Resilient Essential Business
  • - Established Historical Presence of More Than 40 Years
  • - Three-Parcel Property, Including Detached Lot with Street Frontage
  • - Strong Franchisee Guarantee by 54 Unit Operator

Investment Overview

The property consists of three parcels totaling .87 acres of land improved with a 3,186-square foot building. The restaurant has a new 20-year lease in place. Annual base rent is set at $117,159 with 7.5 percent rental increases every five years, as well as in each of the four five-year options. EXCELLENT LOCATION Located in the heart of Huntington’s retail corridor along the Ohio River, the restaurant serves a mix of professional, industrial, and residential districts. The site boast several points of ingress/egress, on both Washington and Adams Avenue with pylon signs facing each direction. It also has ample parking, a double drive-thru, and a healthy daytime population of nearly 90,000 people within a five-mile radius. Neighboring retailers include Taco Bell, KFC, McDonald’s, Walgreens, CVS, and ALDI. Sitting on the Ohio River at the point where West Virginia, Ohio and Kentucky meet, the historic city of Huntington is home to the largest river port in the US and the second-busiest inland port in the country. Part of the Tri-State MSA of Huntington-Ashland WV-KY-OH, it is home to Marshall University and its surrounding campus, as well as Pullman Square and Ritter Park. ESTABLISHED HISTORICAL PRESENCE The Burger King has been a long-time tenant at this location with an established historical presence of more than 40 years. Sales are trending above the brand’s national average with an established healthy rent-to-sales ratio. Triple-Net (NNN) lease with no landlord responsibility. There are three parcels included in the sale, including a .25-acre lot facing Adam’s street with possible reuse potential (buyer must complete all due diligence to verify possibilities). STRONG GUARANTEE | GLOBALY RECOGNIZED BRAND Strong 54-unit guarantee with Ampler Burgers Ohio, LLC , an entity of Ampler Development, a rapidly growing, multi-brand franchise restaurant group currently operating 400+ restaurants, including Burger King, Taco Bell, Little Caesars and Church’s Chicken. Founded in 1954, the BURGER KING® brand is the second largest fast-food hamburger chain in the world.

Exclusively Listed By

Broker of Record

  • Francis McGuire

    Broker Of Record

    License(s): WV0019009

    West Virginia

Financing By

MM Texture Background
MM Textured Background Lower