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Restaurant

Burger King

3500 US-101, Florence, OR 97439

Listing Price: $2,335,090

Cap Rate
5.25%
Tenant Name
Ambrosia QSR Oregon
Years Remaining On Lease
19.8
Guarantor
Franchisee Guarantee
Rentable SF
2,728
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$44.94

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Burger King located at 3500 Highway 101 in Florence, OR. The property consists of 2,728 square feet of building space and is situated on an estimated 0.85 acres of land. The tenant is subject to a 20-year absolute triple net (NNN) lease, that will commence upon close of escrow. The base rent is $122,592 and will increase by 2.00% percent annually starting in year six and continuing throughout the base term and into each of the four (4), five (5)-year tenant renewal option periods.

Investment Highlights

  • Long-Term, 20-Year Absolute Triple Net (NNN) Lease Commencing Upon the Close of Escrow
  • Two Percent (2.00%) Rental Increases Annually Starting in Year 6
  • Four (4), Five (5)-Year Tenant Renewal Options

Exclusively Listed By

Listing Price: $2,335,090

Cap Rate
5.25%
Tenant Name
Ambrosia QSR Oregon
Years Remaining On Lease
19.8
Guarantor
Franchisee Guarantee
Rentable SF
2,728
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$44.94

Investment Highlights

  • Long-Term, 20-Year Absolute Triple Net (NNN) Lease Commencing Upon the Close of Escrow
  • Two Percent (2.00%) Rental Increases Annually Starting in Year 6
  • Four (4), Five (5)-Year Tenant Renewal Options

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Burger King located at 3500 Highway 101 in Florence, OR. The property consists of 2,728 square feet of building space and is situated on an estimated 0.85 acres of land. The tenant is subject to a 20-year absolute triple net (NNN) lease, that will commence upon close of escrow. The base rent is $122,592 and will increase by 2.00% percent annually starting in year six and continuing throughout the base term and into each of the four (4), five (5)-year tenant renewal option periods.

Exclusively Listed By

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