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Restaurant

Burger King

813 E Cumberland St, Dunn, NC 28334

Listing Price: $2,349,890

Cap Rate
5.50%
Tenant Name
Carrols, LLC
Years Remaining On Lease
19.9
Guarantor
Franchisee Guarantee
Rentable SF
3,058
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$42.26

Investment Overview

Marcus & Millichap is pleased to present this exclusive listing for a Burger King located at 813 East Cumberland Street in Dunn, NC. The subject property opened in mid October and consists of roughly 3,058 square feet of building space on approximately a 1.02-acre parcel. This investment opportunity is subject to a brand new 20-year triple-net (NNN) sale-leaseback with zero landlord responsibilities. The lease will commence upon the close of escrow and will be subject to six (6), five (5) year tenant renewal options. The initial annual rent will be $129,244 and is scheduled to increase by one percent (1.00%) annually starting in year 11 and continuing throughout the base term and option periods. In each option period the rent will increase by one percent (1.00%) annually in years 1 through 3 and the rent will remain flat in years 4 and 5.

Investment Highlights

  • Brand New Construction -Store Opened 10/15/2021!
  • Brand New 20-Year Sale-Leaseback
  • Triple Net (NNN) Lease with Zero Landlord Responsibilities

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

  • Benjamin Yelm

    Regional Manager

    (843) 952-2222

    License(s) NC: 303785

    North Carolina

Restaurant

Burger King

Listing Price: $2,349,890

Cap Rate
5.50%
Tenant Name
Carrols, LLC
Years Remaining On Lease
19.9
Guarantor
Franchisee Guarantee
Rentable SF
3,058
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$42.26

Investment Highlights

  • Brand New Construction -Store Opened 10/15/2021!
  • Brand New 20-Year Sale-Leaseback
  • Triple Net (NNN) Lease with Zero Landlord Responsibilities

Investment Overview

Marcus & Millichap is pleased to present this exclusive listing for a Burger King located at 813 East Cumberland Street in Dunn, NC. The subject property opened in mid October and consists of roughly 3,058 square feet of building space on approximately a 1.02-acre parcel. This investment opportunity is subject to a brand new 20-year triple-net (NNN) sale-leaseback with zero landlord responsibilities. The lease will commence upon the close of escrow and will be subject to six (6), five (5) year tenant renewal options. The initial annual rent will be $129,244 and is scheduled to increase by one percent (1.00%) annually starting in year 11 and continuing throughout the base term and option periods. In each option period the rent will increase by one percent (1.00%) annually in years 1 through 3 and the rent will remain flat in years 4 and 5.

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

  • Benjamin Yelm

    Regional Manager

    (843) 952-2222

    License(s): NC: 303785

    North Carolina

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