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Restaurant

Burger King

3530 Orange Ave NE, Roanoke, VA 24012

Listing Price: $1,603,636

Cap Rate
4.95%
Tenant Name
Carrols, LLC (1,000+ Units)
Years Remaining On Lease
18.2
Guarantor
Franchisee Guarantee
Rentable SF
3,110
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$25.52

Investment Overview

Marcus & Millichap is pleased to present this exclusive listing for a Burger King located at 3530 Orange Avenue Northeast, Roanoke, VA. The subject property was remodeled in 2018 and consists of roughly 3,110 square feet of building space on approximately a 0.94 parcel. This investment opportunity has over 18 years remaining on an absolute triple-net (NNN) lease. The original lease commenced in January 2004 and was extended out to January 2040, showing the strong commitment to the site. The annual rent is $79,380, which will increase by 5% every 5 years. The lease is subject to four (4), five-year tenant renewal options.

Investment Highlights

  • Over 18 Years Remaining on Absolute Triple Net (NNN) Lease
  • Strong Operational History | Original Lease Signed 2004; Signed a 20-Year Extension at this Location in 2017, Extending the Lease Until 2040
  • Attractive Rental Increases of Five Percent (5.0%) Every 5 Years

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

Broker of Record

  • Brian Hosey

    First Vice President / District Manager

    (202) 536-3700

    License(s) VA: 0225247494

    Virginia

Restaurant

Burger King

Listing Price: $1,603,636

Cap Rate
4.95%
Tenant Name
Carrols, LLC (1,000+ Units)
Years Remaining On Lease
18.2
Guarantor
Franchisee Guarantee
Rentable SF
3,110
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$25.52

Investment Highlights

  • Over 18 Years Remaining on Absolute Triple Net (NNN) Lease
  • Strong Operational History | Original Lease Signed 2004; Signed a 20-Year Extension at this Location in 2017, Extending the Lease Until 2040
  • Attractive Rental Increases of Five Percent (5.0%) Every 5 Years

Investment Overview

Marcus & Millichap is pleased to present this exclusive listing for a Burger King located at 3530 Orange Avenue Northeast, Roanoke, VA. The subject property was remodeled in 2018 and consists of roughly 3,110 square feet of building space on approximately a 0.94 parcel. This investment opportunity has over 18 years remaining on an absolute triple-net (NNN) lease. The original lease commenced in January 2004 and was extended out to January 2040, showing the strong commitment to the site. The annual rent is $79,380, which will increase by 5% every 5 years. The lease is subject to four (4), five-year tenant renewal options.

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

Broker of Record

  • Brian Hosey

    First Vice President / District Manager

    (202) 536-3700

    License(s): VA: 0225247494

    Virginia

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