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Restaurant

Burger King Twentynine Palms

71707 Twentynine Palms Highway, Twentynine Palms, CA 92277

Listing Price: $2,640,000

Cap Rate
4.50%
Tenant Name
Burger King
Years Remaining On Lease
15.3
Guarantor
Franchisee Guarantee
Rentable SF
2,121
Lease Type
Absolute Net
Rent Per Square Feet
$56.01

Investment Overview

Marcus & Millichap is pleased to present a Southern California absolute NNN fee-simple Burger King drive-thru opportunity on the high traffic corridor of Twentynine Palms Highway in the City of Twentynine Palms, California. 71707 Twentynine Palms Highway presents investors with a long term leased absolute NNN fee-simple lease guaranteed by an experienced 18-Unit franchisee Aria Burger King, Inc. The “essential use” operator has over 15 years remaining on their initial 20 year term with favorable 10 percent increases every five years through the term and options. The site benefits from its signalized hard corner location on Twentynine Palms Highway (CA-62) that sees over 14,500 cars per day on the substantial retail corridor and as an outparcel to a Stater Brothers grocery anchored center. The site is located five miles south of The Marine Air Ground Combat Center that houses over 20,000 Marines and their Families stationed at the base and also Joshua Tree National Park to the south that attracted over 2.4 Million Visitors in 2020. The location benefits from a captive population of over 18,700 people and average household income of over $49,400 in a five-mile radius. Situated on a signalized outparcel to a shopping center anchored by essential uses such as Stater Brothers Market, Dollar Tree, and Total Fitness. Other surrounding tenants include Rite Aid, Dollar General, Pizza Hut, Del Taco, Jiffy Lube, Motel 6, Holiday Inn, and the Fairfield Inn and Suites.

Investment Highlights

  • Over 15 Years Remaining on Fee-Simple Absolute NNN Lease with Zero Landlord Responsibilities
  • Essential Use – Pandemic & Recession Resistant
  • Attractive 10 Percent Increases Every Five Years – Healthy Hedge Against Inflation
  • Strong 18 Unit Southern California Operator with Aria Burger King, Inc.
  • Excellent 1031 Exchange Property – Low Price Point
  • Excellent Visibility on Twentynine Palms Highway with Ideal Access, Drive-thru use in the Only Grocery Anchored Shopping Center in Twentynine Palms, California.
  • 5.4 Miles From Joshua Tree National Park Covering 1,235 Square-Miles and Attracting 2.4 Million Visitors-Per-Year for Camping, Hiking, Rock Climbing and Exploration of Historical Landmarks
  • 5.5 Miles from Twentynine Palms Marine Corps Air Ground Combat Center - World's Largest Marine Corps Base Covering Over 930 Square Miles - 20,000 Soldiers and their Families Stationed on Base and 50,000 Active Duty Marines and Reserves Train at the Combat Center Every Year

Exclusively Listed By

Listing Price: $2,640,000

Cap Rate
4.50%
Tenant Name
Burger King
Years Remaining On Lease
15.3
Guarantor
Franchisee Guarantee
Rentable SF
2,121
Lease Type
Absolute Net
Rent Per Square Feet
$56.01

Investment Highlights

  • Over 15 Years Remaining on Fee-Simple Absolute NNN Lease with Zero Landlord Responsibilities
  • Essential Use – Pandemic & Recession Resistant
  • Attractive 10 Percent Increases Every Five Years – Healthy Hedge Against Inflation
  • Strong 18 Unit Southern California Operator with Aria Burger King, Inc.
  • Excellent 1031 Exchange Property – Low Price Point
  • Excellent Visibility on Twentynine Palms Highway with Ideal Access, Drive-thru use in the Only Grocery Anchored Shopping Center in Twentynine Palms, California.
  • 5.4 Miles From Joshua Tree National Park Covering 1,235 Square-Miles and Attracting 2.4 Million Visitors-Per-Year for Camping, Hiking, Rock Climbing and Exploration of Historical Landmarks
  • 5.5 Miles from Twentynine Palms Marine Corps Air Ground Combat Center - World's Largest Marine Corps Base Covering Over 930 Square Miles - 20,000 Soldiers and their Families Stationed on Base and 50,000 Active Duty Marines and Reserves Train at the Combat Center Every Year

Investment Overview

Marcus & Millichap is pleased to present a Southern California absolute NNN fee-simple Burger King drive-thru opportunity on the high traffic corridor of Twentynine Palms Highway in the City of Twentynine Palms, California. 71707 Twentynine Palms Highway presents investors with a long term leased absolute NNN fee-simple lease guaranteed by an experienced 18-Unit franchisee Aria Burger King, Inc. The “essential use” operator has over 15 years remaining on their initial 20 year term with favorable 10 percent increases every five years through the term and options. The site benefits from its signalized hard corner location on Twentynine Palms Highway (CA-62) that sees over 14,500 cars per day on the substantial retail corridor and as an outparcel to a Stater Brothers grocery anchored center. The site is located five miles south of The Marine Air Ground Combat Center that houses over 20,000 Marines and their Families stationed at the base and also Joshua Tree National Park to the south that attracted over 2.4 Million Visitors in 2020. The location benefits from a captive population of over 18,700 people and average household income of over $49,400 in a five-mile radius. Situated on a signalized outparcel to a shopping center anchored by essential uses such as Stater Brothers Market, Dollar Tree, and Total Fitness. Other surrounding tenants include Rite Aid, Dollar General, Pizza Hut, Del Taco, Jiffy Lube, Motel 6, Holiday Inn, and the Fairfield Inn and Suites.

Exclusively Listed By

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