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Restaurant

Burger King

10699 US-60, Ashland, KY 41102

Listing Price: $2,495,000

Cap Rate
4.98%
Tenant Name
Burger King
Years Remaining On Lease
19.5
Gross SF
2,943
Guarantor
Franchisee Guarantee
Rentable SF
2,943
Price/Gross SF
$847.77
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$42.25

Investment Overview

SITE FUNDAMENTALS The property consists of 1.04 acres of land improved with a 2,943-square foot building. The restaurant has a new 20-year lease in place. Annual base rent is set at $124,354 with 7.5 percent rental increases every five years, as well as in each of the four five-year options. EXCELLENT LOCATION Large, one-acre out parcel to Kenova Tri-State Mall. The restaurant enjoys high visibility and access with a signalized entrance off Highway 60, a major artery connecting Ashland and neighboring communities to Interstate 64. Nearby retailers include Wendy’s, Taco Bell, Arby’s, and Bob Evans. Where Virginia, Ohio and Kentucky meet, Ashland is minutes from the historic city of Huntington, 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 24 years. Triple-Net (NNN) Lease with no landlord responsibility. STRONG GUARANTEE | GLOBALY RECOGNIZED BRAND Strong 66-unit guarantee with Ampler Burgers Ohio, LLC, part of Ampler Restaurant Group, 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

  • 20-Year Lease in Place with Four Five-Year Options and Increases
  • Large 1-Acre Outparcel | Signalized Entrance Off Hwy 600
  • Established Historical Presence of Nearly 25 Years
  • Strong 66-Unit Guarantee with Growing Multi-Brand Operator

Exclusively Listed By

Broker of Record

  • Colby Haugness

    First Vice President Investments

    (513) 878-7733

    License(s) KY: 242197

    Kentucky

Financing By

Listing Price: $2,495,000

Cap Rate
4.98%
Tenant Name
Burger King
Years Remaining On Lease
19.5
Gross SF
2,943
Guarantor
Franchisee Guarantee
Rentable SF
2,943
Price/Gross SF
$847.77
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$42.25

Investment Highlights

  • 20-Year Lease in Place with Four Five-Year Options and Increases
  • Large 1-Acre Outparcel | Signalized Entrance Off Hwy 600
  • Established Historical Presence of Nearly 25 Years
  • Strong 66-Unit Guarantee with Growing Multi-Brand Operator

Investment Overview

SITE FUNDAMENTALS The property consists of 1.04 acres of land improved with a 2,943-square foot building. The restaurant has a new 20-year lease in place. Annual base rent is set at $124,354 with 7.5 percent rental increases every five years, as well as in each of the four five-year options. EXCELLENT LOCATION Large, one-acre out parcel to Kenova Tri-State Mall. The restaurant enjoys high visibility and access with a signalized entrance off Highway 60, a major artery connecting Ashland and neighboring communities to Interstate 64. Nearby retailers include Wendy’s, Taco Bell, Arby’s, and Bob Evans. Where Virginia, Ohio and Kentucky meet, Ashland is minutes from the historic city of Huntington, 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 24 years. Triple-Net (NNN) Lease with no landlord responsibility. STRONG GUARANTEE | GLOBALY RECOGNIZED BRAND Strong 66-unit guarantee with Ampler Burgers Ohio, LLC, part of Ampler Restaurant Group, 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

  • Colby Haugness

    First Vice President Investments

    (513) 878-7733

    License(s): KY: 242197

    Kentucky

Financing By

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