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Restaurant

Burger King

636 W Gannon Ave, Zebulon, NC 27597

Listing Price: $2,350,000

Cap Rate
4.98%
Tenant Name
Burger King
Years Remaining On Lease
11.3
Gross SF
2,913
Guarantor
Franchisee Guarantee
Rentable SF
2,913
Price/Gross SF
$806.73
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$40.18

Investment Overview

SITE FUNDAMENTALS The property consists of nearly one acre of land improved with a 2,934-square foot building. The restaurant has more than 11 years remaining with an annual base rent of $117,041, and 2 percent annual increases in the base term as well as in each of the four five-year options. EXCELLENT LOCATION Located along the W. Gannon retail corridor, the restaurant is in the Raleigh suburb of Zebulon, less than 30 minutes from the thriving research triangle. It is also minutes from the GlazoSmithKline manufacturing facility, one of the largest pharmaceutical companies in the world. The site enjoys high visibility and easy access from both directions with no restrictive median to hamper cross access and benefits from limited QSR competition in the trade area. Strong site fundamentals are supported by a growing population and above average household incomes of approximated $75,0000. ESTABLISHED HISTORICAL PRESENCE The Burger King has been a long-time tenant at this location with an established historical presence of nearly 25 years. Triple-Net (NNN) Lease with no landlord responsibility. STRONG GUARANTEE | GLOBALY RECOGNIZED BRAND Strong 22-unit guarantee with EYAS Hospitality Group, a rapidly growing restaurant group focused on acquiring and managing hospitality and restaurant companies. Expected to be one of the premiere franchisees with the BK system within the next few years, EHG is also developing between 12-24 new locations within the next five years.

Investment Highlights

  • More Than 11+ Years Remaining | Established Historical Presence
  • Excellent Location in Suburb of Desirable Raleigh , NC
  • Affluent Household Incomes | Positive Population Growth

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Regional Manager

    (843) 952-2222

    License(s) NC: 303785

    North Carolina

Financing By

Listing Price: $2,350,000

Cap Rate
4.98%
Tenant Name
Burger King
Years Remaining On Lease
11.3
Gross SF
2,913
Guarantor
Franchisee Guarantee
Rentable SF
2,913
Price/Gross SF
$806.73
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$40.18

Investment Highlights

  • More Than 11+ Years Remaining | Established Historical Presence
  • Excellent Location in Suburb of Desirable Raleigh , NC
  • Affluent Household Incomes | Positive Population Growth

Investment Overview

SITE FUNDAMENTALS The property consists of nearly one acre of land improved with a 2,934-square foot building. The restaurant has more than 11 years remaining with an annual base rent of $117,041, and 2 percent annual increases in the base term as well as in each of the four five-year options. EXCELLENT LOCATION Located along the W. Gannon retail corridor, the restaurant is in the Raleigh suburb of Zebulon, less than 30 minutes from the thriving research triangle. It is also minutes from the GlazoSmithKline manufacturing facility, one of the largest pharmaceutical companies in the world. The site enjoys high visibility and easy access from both directions with no restrictive median to hamper cross access and benefits from limited QSR competition in the trade area. Strong site fundamentals are supported by a growing population and above average household incomes of approximated $75,0000. ESTABLISHED HISTORICAL PRESENCE The Burger King has been a long-time tenant at this location with an established historical presence of nearly 25 years. Triple-Net (NNN) Lease with no landlord responsibility. STRONG GUARANTEE | GLOBALY RECOGNIZED BRAND Strong 22-unit guarantee with EYAS Hospitality Group, a rapidly growing restaurant group focused on acquiring and managing hospitality and restaurant companies. Expected to be one of the premiere franchisees with the BK system within the next few years, EHG is also developing between 12-24 new locations within the next five years.

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Regional Manager

    (843) 952-2222

    License(s): NC: 303785

    North Carolina

Financing By

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