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Restaurant

Burger King | Brand New | 20 Year NNN

8501 N Navarro St, Victoria, TX 77904

Listing Price: $4,260,000

Cap Rate
4.00%
Tenant Name
Burger King
Years Remaining On Lease
19.9
Guarantor
Franchisee Guarantee
Rentable SF
2,750
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$61.96

Investment Overview

Marcus & Millichap is pleased to offer for sale a brand-new construction Burger King Absolute Triple Net (NNN) lease investment opportunity located within the city of Victoria, Texas. 20 year franchisee backed lease allowing landlord to benefit from management free income. Victoria is located approx. 125 miles south west of Houston, TX which is the nearest MSA. Victoria is the home of new development and dense business industry with new developments from a 30+ Acre, 100,000 sq. ft. shopping center to new residential community developments. In addition, Victoria continues to be on the forefront of new business and technology with strong plastic manufacturing and medical industry which is also fueling high population growth and new development. Lease is guaranteed by a strong $30+ Million personal guarantee from Kolkhorst Foods, LLC. The property is located along the major retail corridor within Victoria that attracts more than 40,000 cars per day.

Investment Highlights

  • New Construction Burger King | Brand New Construction Burger King Operated by Top Ranked performing Local Franchisee – Kolkhorst Foods, Inc (Top Ranked within Entire System of Burger King)
  • Strong Guarantee | 10 Unit Franchisee with excellent hands-on operational style performance with a large personal guarantee (Net Worth exceeding $30 million) which provides confidence
  • A+ Trophy Real Estate | High Traffic Counts neighboring Nationally Recognized Anchor Tenants: Lowe's, Hobby Lobby, Walmart, Sam's Club, Victoria Mall, etc.
  • Rare 20-year Absolute Triple Net (NNN) Lease | Rare Long-Term Lease
  • Nationally Recognized Neighboring Tenants – See List Below Walmart | McDonalds | Target | Lowes | Tractor Supply | Hobby Lobby | Sam's Club | Kohls | Popeyes | Whataburger | Sonic | Walgreens | O'Reilly | Chic-fil-A | Dollar Tree | Jack in the Box | Denny's | Olive Garden | Bed Bath & Beyond | Buffalo Wild Wings | Ross | Dunkin Donuts | Arby's | JC Penney | SEARS | TJ Maxx | Best Buy | Taco Bell |.

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s) TX: 9002994

    Texas

Restaurant

Burger King | Brand New | 20 Year NNN

Listing Price: $4,260,000

Cap Rate
4.00%
Tenant Name
Burger King
Years Remaining On Lease
19.9
Guarantor
Franchisee Guarantee
Rentable SF
2,750
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$61.96

Investment Highlights

  • New Construction Burger King | Brand New Construction Burger King Operated by Top Ranked performing Local Franchisee – Kolkhorst Foods, Inc (Top Ranked within Entire System of Burger King)
  • Strong Guarantee | 10 Unit Franchisee with excellent hands-on operational style performance with a large personal guarantee (Net Worth exceeding $30 million) which provides confidence
  • A+ Trophy Real Estate | High Traffic Counts neighboring Nationally Recognized Anchor Tenants: Lowe's, Hobby Lobby, Walmart, Sam's Club, Victoria Mall, etc.
  • Rare 20-year Absolute Triple Net (NNN) Lease | Rare Long-Term Lease
  • Nationally Recognized Neighboring Tenants – See List Below Walmart | McDonalds | Target | Lowes | Tractor Supply | Hobby Lobby | Sam's Club | Kohls | Popeyes | Whataburger | Sonic | Walgreens | O'Reilly | Chic-fil-A | Dollar Tree | Jack in the Box | Denny's | Olive Garden | Bed Bath & Beyond | Buffalo Wild Wings | Ross | Dunkin Donuts | Arby's | JC Penney | SEARS | TJ Maxx | Best Buy | Taco Bell |.

Investment Overview

Marcus & Millichap is pleased to offer for sale a brand-new construction Burger King Absolute Triple Net (NNN) lease investment opportunity located within the city of Victoria, Texas. 20 year franchisee backed lease allowing landlord to benefit from management free income. Victoria is located approx. 125 miles south west of Houston, TX which is the nearest MSA. Victoria is the home of new development and dense business industry with new developments from a 30+ Acre, 100,000 sq. ft. shopping center to new residential community developments. In addition, Victoria continues to be on the forefront of new business and technology with strong plastic manufacturing and medical industry which is also fueling high population growth and new development. Lease is guaranteed by a strong $30+ Million personal guarantee from Kolkhorst Foods, LLC. The property is located along the major retail corridor within Victoria that attracts more than 40,000 cars per day.

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s): TX: 9002994

    Texas

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