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Restaurant

Burger King (Dark)

926 Central Ave NW, East Grand Forks, MN 56721

Listing Price: $1,159,333

Cap Rate
9.00%
Tenant Name
Burger King
Years Remaining On Lease
12.9
Gross SF
3,916
Guarantor
Franchisee Guarantee
Rentable SF
3,916
Price/Gross SF
$296.05
Lease Type
Absolute Net
Rent Per Square Feet
$26.64

Investment Overview

Marcus & Millichap is pleased to present the Burger King (Dark) located at 926 Central Ave NW in the City of East Grand Forks, MN. The 3,916 square foot free standing building was constructed in 2000 on a 1.86-acre parcel. The property has 13 years remaining on an Absolute NNN lease with 1.25% annual increases. The lease is guaranteed by Meridian Restaurants Unlimited, L.C. & two personal guarantees. The tenant closed operations during the pandemic in 2020.

Investment Highlights

  • 13 Years Remaining on Absolute NNN Lease with Zero Landlord Responsibilities
  • Franchisee Guarantee (129 Units) & Two Personal Guarantees
  • Potential Redevelopment Opportunity on a 1.86 Acre Lot
  • Annual 1.25% Rent Increases

Exclusively Listed By

Restaurant

Burger King (Dark)

Listing Price: $1,159,333

Cap Rate
9.00%
Tenant Name
Burger King
Years Remaining On Lease
12.9
Gross SF
3,916
Guarantor
Franchisee Guarantee
Rentable SF
3,916
Price/Gross SF
$296.05
Lease Type
Absolute Net
Rent Per Square Feet
$26.64

Investment Highlights

  • 13 Years Remaining on Absolute NNN Lease with Zero Landlord Responsibilities
  • Franchisee Guarantee (129 Units) & Two Personal Guarantees
  • Potential Redevelopment Opportunity on a 1.86 Acre Lot
  • Annual 1.25% Rent Increases

Investment Overview

Marcus & Millichap is pleased to present the Burger King (Dark) located at 926 Central Ave NW in the City of East Grand Forks, MN. The 3,916 square foot free standing building was constructed in 2000 on a 1.86-acre parcel. The property has 13 years remaining on an Absolute NNN lease with 1.25% annual increases. The lease is guaranteed by Meridian Restaurants Unlimited, L.C. & two personal guarantees. The tenant closed operations during the pandemic in 2020.

Exclusively Listed By

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