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Restaurant

Burger King 20 Year Absolute Net Ground Lease Abilene, TX

3650 S Clack St, Abilene, TX 79606

Listing Price: $2,643,678

Cap Rate
4.35%
Tenant Name
Burger King
Years Remaining On Lease
19.8
Guarantor
Franchisee Guarantee
Rentable SF
3,250
Lease Type
NNN Ground Lease
Rent Per Square Feet
$35.38

Investment Overview

Marcus & Millichap is pleased to present for sale this single-tenant, absolute triple-net lease Burger King Restaurant investment opportunity located at 3650 S Clack St Abilene, TX. The property consists of a large 0.78 acre parcel improved with an approximately 3,250-square foot building with three points of ingress and egress. It is located on the corner intersection of South Clack Street and Curry Lane. The restaurant will have a brand new 20-year absolute net ground lease at the close of escrow with a seasoned RBI Brands Franchisee. Annual base rent is set at $115,000 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 Highway 84 in the center of the retail corridor of Abilene. Traffic counts along Highway 84 exceed 34,000 cars per day. Population within five miles exceeds 103,600. Dyess Air Force Base, home of the 7th Bomb Wing, is located 8 miles from the property. Within the immediate trade area is located Target, Academy Sports, Walmart, Chick-fil-A, Whataburger, Tractor Supply, and Best Buy to name a few.

Investment Highlights

  • BRAND NEW 20 YEAR ABSOLUTE NET GROUND LEASE
  • DENSE RETAIL CORRIDOR
  • CORNER LOCATION

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s) TX: 9002994

    Texas

Restaurant

Burger King 20 Year Absolute Net Ground Lease Abilene, TX

Listing Price: $2,643,678

Cap Rate
4.35%
Tenant Name
Burger King
Years Remaining On Lease
19.8
Guarantor
Franchisee Guarantee
Rentable SF
3,250
Lease Type
NNN Ground Lease
Rent Per Square Feet
$35.38

Investment Highlights

  • BRAND NEW 20 YEAR ABSOLUTE NET GROUND LEASE
  • DENSE RETAIL CORRIDOR
  • CORNER LOCATION

Investment Overview

Marcus & Millichap is pleased to present for sale this single-tenant, absolute triple-net lease Burger King Restaurant investment opportunity located at 3650 S Clack St Abilene, TX. The property consists of a large 0.78 acre parcel improved with an approximately 3,250-square foot building with three points of ingress and egress. It is located on the corner intersection of South Clack Street and Curry Lane. The restaurant will have a brand new 20-year absolute net ground lease at the close of escrow with a seasoned RBI Brands Franchisee. Annual base rent is set at $115,000 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 Highway 84 in the center of the retail corridor of Abilene. Traffic counts along Highway 84 exceed 34,000 cars per day. Population within five miles exceeds 103,600. Dyess Air Force Base, home of the 7th Bomb Wing, is located 8 miles from the property. Within the immediate trade area is located Target, Academy Sports, Walmart, Chick-fil-A, Whataburger, Tractor Supply, and Best Buy to name a few.

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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