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Restaurant

Burger King

21920 International Blvd, Des Moines, WA 98198

Listing Price: $3,012,523

Cap Rate
5.00%
Tenant Name
Ambrosia QSR Washington
Years Remaining On Lease
19.6
Guarantor
Franchisee Guarantee
Rentable SF
2,731
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$55.15

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Burger King located at 21920 International Boulevard in Des Moines, WA. The property consists of 2,731 square feet of building space and is situated on an estimated 1.12 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 $146,590 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

Broker of Record

  • Joel Deis

    First Vice President/Regional Manager

    (206) 826-5700

    License(s) WA: 25469

    Washington

Listing Price: $3,012,523

Cap Rate
5.00%
Tenant Name
Ambrosia QSR Washington
Years Remaining On Lease
19.6
Guarantor
Franchisee Guarantee
Rentable SF
2,731
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$55.15

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 21920 International Boulevard in Des Moines, WA. The property consists of 2,731 square feet of building space and is situated on an estimated 1.12 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 $146,590 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

Broker of Record

  • Joel Deis

    First Vice President/Regional Manager

    (206) 826-5700

    License(s): WA: 25469

    Washington

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