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Restaurant

Burger King Sale Leaseback

3275 NC-226, Marion, NC 28752

Listing Price: $2,617,000

Cap Rate
5.35%
Tenant Name
CFH Novo, LLC d/b/a Burger King
Guarantor
Franchisee Guarantee
Rentable SF
2,500
Lease Type
Absolute Net
Rent Per Square Feet
$56.00

Investment Overview

OPTIMAL LEASE STRUCTURE - Attractive 20-year base term - Four (4), 5-year renewal options - 7.5% rent escalations every 5 years throughout entire lease - Absolute NNN lease with NO landlord responsibilities - Strong tenant and guarantor (25 & 40 units, respectively) BEST-IN-CLASS QSR TENANT - 2021 construction with latest BTS prototype › Double drive-thru to support volume and enhance efficiencies › 2,500 SF prototype of newest layout available from BK corporate - 26+ year operating history - Burger King rankings: › #5 fast-food chain in America ranked by sales (2020 QSR Magazine) › #2 biggest burger chain in America (2019 Work+Money) - Brand has 17,800+ locations worldwide STRONG REAL ESTATE FUNDAMENTALS - Flat topography with optimal visibility - Interstate location just off of I-40 entrance ramp ( 37,500 VPD) - Strong traffic counts of 13,500 VPD along NC 226 S › NC 226 S connects with the main thoroughfare leading to Downtown Marion - Less than 0.5 miles from McDowell Technical Community College ( 1,105 students) ABOUT THE OPERATOR - Awarded Burger King Developer of the Year (2020) - #1 Developer Franchisee in North America (2020) - Preferred territories span GA, SC, NC & FL - Management Team includes professional backgrounds covering development, finance, accounting & QSR operations

Investment Highlights

  • 2021 construction with latest BTS prototype
  • Double drive-thru to support volume and enhance efficiencies
  • 7.5% rent escalations every 5 years throughout entire lease
  • Interstate location just off of I-40 entrance ramp ( 37,500 VPD)
  • #1 Developer Franchisee in North America (2020)

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Regional Manager

    (843) 952-2222

    License(s) NC: 303785

    North Carolina

Restaurant

Burger King Sale Leaseback

Listing Price: $2,617,000

Cap Rate
5.35%
Tenant Name
CFH Novo, LLC d/b/a Burger King
Guarantor
Franchisee Guarantee
Rentable SF
2,500
Lease Type
Absolute Net
Rent Per Square Feet
$56.00

Investment Highlights

  • 2021 construction with latest BTS prototype
  • Double drive-thru to support volume and enhance efficiencies
  • 7.5% rent escalations every 5 years throughout entire lease
  • Interstate location just off of I-40 entrance ramp ( 37,500 VPD)
  • #1 Developer Franchisee in North America (2020)

Investment Overview

OPTIMAL LEASE STRUCTURE - Attractive 20-year base term - Four (4), 5-year renewal options - 7.5% rent escalations every 5 years throughout entire lease - Absolute NNN lease with NO landlord responsibilities - Strong tenant and guarantor (25 & 40 units, respectively) BEST-IN-CLASS QSR TENANT - 2021 construction with latest BTS prototype › Double drive-thru to support volume and enhance efficiencies › 2,500 SF prototype of newest layout available from BK corporate - 26+ year operating history - Burger King rankings: › #5 fast-food chain in America ranked by sales (2020 QSR Magazine) › #2 biggest burger chain in America (2019 Work+Money) - Brand has 17,800+ locations worldwide STRONG REAL ESTATE FUNDAMENTALS - Flat topography with optimal visibility - Interstate location just off of I-40 entrance ramp ( 37,500 VPD) - Strong traffic counts of 13,500 VPD along NC 226 S › NC 226 S connects with the main thoroughfare leading to Downtown Marion - Less than 0.5 miles from McDowell Technical Community College ( 1,105 students) ABOUT THE OPERATOR - Awarded Burger King Developer of the Year (2020) - #1 Developer Franchisee in North America (2020) - Preferred territories span GA, SC, NC & FL - Management Team includes professional backgrounds covering development, finance, accounting & QSR operations

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Regional Manager

    (843) 952-2222

    License(s): NC: 303785

    North Carolina

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