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Restaurant

Burger King Sale Leaseback

11939 Asheville Hwy, Inman, SC 29349

Listing Price: $2,667,000

Cap Rate
5.25%
Tenant Name
CFH Master, LLC d/b/a Burger King
Guarantor
Franchisee Guarantee
Rentable SF
2,350
Lease Type
Absolute Net
Rent Per Square Feet
$59.57

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 › 2,350 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 GREENVILLE-SPARTANBURG-ANDERSON, SC CSA - Largest CSA in SC with a total population of over 1.46 MM people - Home to offices and production centers for multiple national and international companies, including BMW, Bausch & Lomb, IRIX Manufacturing, Michelin North America, and GE Power - Home to the BMW Manufacturing Plant › 11,000 employees and over 1,500 vehicles produced daily › Over $10.6 B invested in the plant since inception STRONG REAL ESTATE FUNDAMENTALS - Flat topography with optimal visibility - Multiple points of ingress/egress - Strong traffic counts of ±15,900 VPD along Asheville Hwy - Ample parcel size of ±0.89 acres - Dense surrounding population with ±35,215 within 5-mile radius 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
  • Strong traffic counts of 15,900 VPD along Asheville Hwy
  • #1 Developer Franchisee in North America (2020)

Exclusively Listed By

Restaurant

Burger King Sale Leaseback

Listing Price: $2,667,000

Cap Rate
5.25%
Tenant Name
CFH Master, LLC d/b/a Burger King
Guarantor
Franchisee Guarantee
Rentable SF
2,350
Lease Type
Absolute Net
Rent Per Square Feet
$59.57

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
  • Strong traffic counts of 15,900 VPD along Asheville Hwy
  • #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 › 2,350 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 GREENVILLE-SPARTANBURG-ANDERSON, SC CSA - Largest CSA in SC with a total population of over 1.46 MM people - Home to offices and production centers for multiple national and international companies, including BMW, Bausch & Lomb, IRIX Manufacturing, Michelin North America, and GE Power - Home to the BMW Manufacturing Plant › 11,000 employees and over 1,500 vehicles produced daily › Over $10.6 B invested in the plant since inception STRONG REAL ESTATE FUNDAMENTALS - Flat topography with optimal visibility - Multiple points of ingress/egress - Strong traffic counts of ±15,900 VPD along Asheville Hwy - Ample parcel size of ±0.89 acres - Dense surrounding population with ±35,215 within 5-mile radius 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

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