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Restaurant

Burger King

525 S State St, Roosevelt, UT 84066

Listing Price: $2,202,302

Cap Rate
5.75%
Tenant Name
Burger King
Years Remaining On Lease
16.9
Guarantor
Franchisee Guarantee
Rentable SF
4,536
Lease Type
Absolute Net
Rent Per Square Feet
$27.92

Investment Overview

The Deltondo Group and Marcus & Millichap are pleased to present for sale Burger King a single-tenant property located at 525 South State Street, Roosevelt, Utah 84066. The subject property is comprised of 4,536 square feet, built in 2018 on a large 1.01 Acre lot. Burger King is located at the intersection of South State Street & Main Street which oversees ±16,200 vehicles per day. With 17-years remaining on the absolute-net lease Burger King has four, 5-year options to extend with 1.25% annual increases including all four options. Meridian Restaurants, founded in 2002 with 14 restaurants, is now 129 restaurants strong and spread across 3 top-tier brands in eleven states: Burger King, Chili’s and Black Bear Diner. Every day, more than 11 million guests visit Burger King restaurants around the world. And they do so because our restaurants are known for serving high-quality, great-tasting, and affordable food. Founded in 1954, Burger King is the second largest fast food hamburger chain in the world. The original Home of the Whopper, our commitment to premium ingredients, signature recipes, and family-friendly dining experiences is what has defined our brand for more than 50 successful years.

Investment Highlights

  • Absolute-Net Lease: 17-Years Remain with 1.25% Increases Annually including the Four, 5-Year Options, Annual Increases Provide an Excellent Hedge Against Inflation
  • 129-Unit Franchisee Guaranty: Meridian Restaurants Unlimited, L.C. Operates Across 11-Different States with Over ±4000 Team Members
  • Strategic Location: Signalized Hard Corner on the Intersection of Main Street and South State Street which Oversees a Combined ±16,200 Vehicles Per Day

Broker of Record

  • Justin Forman

    Regional Manager

    (702) 215-7150

    License(s) UT: 12256000-PB00

    Utah

Listing Price: $2,202,302

Cap Rate
5.75%
Tenant Name
Burger King
Years Remaining On Lease
16.9
Guarantor
Franchisee Guarantee
Rentable SF
4,536
Lease Type
Absolute Net
Rent Per Square Feet
$27.92

Investment Highlights

  • Absolute-Net Lease: 17-Years Remain with 1.25% Increases Annually including the Four, 5-Year Options, Annual Increases Provide an Excellent Hedge Against Inflation
  • 129-Unit Franchisee Guaranty: Meridian Restaurants Unlimited, L.C. Operates Across 11-Different States with Over ±4000 Team Members
  • Strategic Location: Signalized Hard Corner on the Intersection of Main Street and South State Street which Oversees a Combined ±16,200 Vehicles Per Day

Investment Overview

The Deltondo Group and Marcus & Millichap are pleased to present for sale Burger King a single-tenant property located at 525 South State Street, Roosevelt, Utah 84066. The subject property is comprised of 4,536 square feet, built in 2018 on a large 1.01 Acre lot. Burger King is located at the intersection of South State Street & Main Street which oversees ±16,200 vehicles per day. With 17-years remaining on the absolute-net lease Burger King has four, 5-year options to extend with 1.25% annual increases including all four options. Meridian Restaurants, founded in 2002 with 14 restaurants, is now 129 restaurants strong and spread across 3 top-tier brands in eleven states: Burger King, Chili’s and Black Bear Diner. Every day, more than 11 million guests visit Burger King restaurants around the world. And they do so because our restaurants are known for serving high-quality, great-tasting, and affordable food. Founded in 1954, Burger King is the second largest fast food hamburger chain in the world. The original Home of the Whopper, our commitment to premium ingredients, signature recipes, and family-friendly dining experiences is what has defined our brand for more than 50 successful years.

Broker of Record

  • Justin Forman

    Regional Manager

    (702) 215-7150

    License(s): UT: 12256000-PB00

    Utah

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