Investment Overview

Marcus & Millichap is pleased to present for sale this single-tenant, absolute triple-net lease Burger King Restaurant investment opportunity located at 2701 Rankin Hwy Midland, TX. The property consists of a large 1.33 acre parcel improved with an approximately 4,736-square foot building with two points of ingress and egress. The restaurant will have a brand new 20-year absolute NNN lease at the close of escrow with a seasoned RBI Brands Franchisee. Annual base rent is set at $165,000 with 7.5 percent rental increases every five years in the base term, as well as the four, five-year renewal options. The restaurant is located directly off the exit of Interstate 20 which experiences traffic counts exceeding 48,000 cars per day. Rankin Highway, directly in front of the property experiences daily traffic counts exceeding 18,000. Population within five miles exceeds 103,000. The population is estimated to grow by 9% in the next four years. The average household income is over $95,000 also within a five mile radius. Within the immediate trade area is located Pilot Travel Center, Flatland Energy Services, Walmart, McDonalds, Hampton Inn, Tractor Supply, and Popeyes to name a few.