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Restaurant

Burger King

11204 B St S, Parkland, WA 98444

Listing Price: $2,735,838

Cap Rate
5.00%
Tenant Name
Ambrosia QSR lll, LLC
Years Remaining On Lease
19.9
Guarantor
Franchisee Guarantee
Rentable SF
2,600
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$52.61

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Burger King located at 11204 B Street S in Parkland, WA. The property consists of 2,600 square feet of building space and is situated on an estimated 0.41 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 $136,792 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

Financing By

Listing Price: $2,735,838

Cap Rate
5.00%
Tenant Name
Ambrosia QSR lll, LLC
Years Remaining On Lease
19.9
Guarantor
Franchisee Guarantee
Rentable SF
2,600
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$52.61

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 11204 B Street S in Parkland, WA. The property consists of 2,600 square feet of building space and is situated on an estimated 0.41 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 $136,792 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

Financing By

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