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Restaurant

Burger King 20 Year Ground Lease Monahans, TX

1904 S Stockton Ave, Monahans, TX 79756

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 1904 S Stockton Ave Monahans, TX. The property consists of a large 1.51 acre parcel improved with an approximately 3,250-square foot building. It is located on the signalized corner of South Stockton Ave and S Betty Ave. 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 Interstate 20 in the center of the retail corridor of Monahans. Traffic counts along Interstate 20 exceed 19,100 cars per day and along S Stockton Ave, over 12,300 cars per day. Average income within a one-mile radius exceeds $77,000. Within the immediate trade area is located McDonalds, Dollar General, AutoZone, and hotels such as Comfort Inn & Suites, Holiday Inn Suites, Hawthorn Suites, and Microtel Inn and Suites to name a few.

Investment Highlights

  • BRAND NEW 20 YEAR ABSOLUTE NET GROUND LEASE
  • INTERSTATE EXIT
  • SIGNALIZED 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 Ground Lease Monahans, 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
  • INTERSTATE EXIT
  • SIGNALIZED 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 1904 S Stockton Ave Monahans, TX. The property consists of a large 1.51 acre parcel improved with an approximately 3,250-square foot building. It is located on the signalized corner of South Stockton Ave and S Betty Ave. 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 Interstate 20 in the center of the retail corridor of Monahans. Traffic counts along Interstate 20 exceed 19,100 cars per day and along S Stockton Ave, over 12,300 cars per day. Average income within a one-mile radius exceeds $77,000. Within the immediate trade area is located McDonalds, Dollar General, AutoZone, and hotels such as Comfort Inn & Suites, Holiday Inn Suites, Hawthorn Suites, and Microtel Inn and Suites 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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