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Restaurant

Burger King (Carrols)

1360 Armory Dr, Franklin, VA 23851

Listing Price: $1,300,000

Cap Rate
6.42%
Tenant Name
BURGER KING (Carrols}
Years Remaining On Lease
4.0
Gross SF
2,666
Guarantor
Franchisee Guarantee
Rentable SF
2,666
Price/Gross SF
$487.62
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$31.28

Investment Overview

Marcus & Millichap is pleased to present a Burger King restaurant located along Armory Drive in the area's best retail area. The site is a pad to the Southampton Shopping Center, which is anchored by Food Lion and Belk's. Several other national tenants are in the surrounding area as well. Nearby restaurant tenants include McDonald's, Wendy's, Taco Bell/KFC, Arby's, Pizza Hut, Hardee's, and Dairy Queen. Exxon Mobil, Bank of America, and First Virginia Bank are also near this Burger King. Wal-Mart is also located along Armory Drive roughly ¼ mile away from the Burger King. In addition, Paul D. Camp Community College (approximate enrollment 1,500 students) is around the corner from the subject property less than one-half mile away.

Investment Highlights

  • Carrols Corporation Is The Largest Burger King Franchisee
  • Outparcel To Southampton Shopping Center Anchored By Food Lion
  • Average Income of $83,573 within 5 Miles
  • Absolute NNN Lease
  • Tenant Exercised 1st Option Showing Commitment To Location
  • Average 14,000 Vehicles Per Day On Armory Drive

Exclusively Listed By

Broker of Record

  • Dawson Rinder

    Associate Regional Manager

    (804) 205-5008

    License(s) VA: 0225215181

    Virginia

Listing Price: $1,300,000

Cap Rate
6.42%
Tenant Name
BURGER KING (Carrols}
Years Remaining On Lease
4.0
Gross SF
2,666
Guarantor
Franchisee Guarantee
Rentable SF
2,666
Price/Gross SF
$487.62
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$31.28

Investment Highlights

  • Carrols Corporation Is The Largest Burger King Franchisee
  • Outparcel To Southampton Shopping Center Anchored By Food Lion
  • Average Income of $83,573 within 5 Miles
  • Absolute NNN Lease
  • Tenant Exercised 1st Option Showing Commitment To Location
  • Average 14,000 Vehicles Per Day On Armory Drive

Investment Overview

Marcus & Millichap is pleased to present a Burger King restaurant located along Armory Drive in the area's best retail area. The site is a pad to the Southampton Shopping Center, which is anchored by Food Lion and Belk's. Several other national tenants are in the surrounding area as well. Nearby restaurant tenants include McDonald's, Wendy's, Taco Bell/KFC, Arby's, Pizza Hut, Hardee's, and Dairy Queen. Exxon Mobil, Bank of America, and First Virginia Bank are also near this Burger King. Wal-Mart is also located along Armory Drive roughly ¼ mile away from the Burger King. In addition, Paul D. Camp Community College (approximate enrollment 1,500 students) is around the corner from the subject property less than one-half mile away.

Exclusively Listed By

Broker of Record

  • Dawson Rinder

    Associate Regional Manager

    (804) 205-5008

    License(s): VA: 0225215181

    Virginia

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