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Restaurant

Burger King 20 Year NNN Lease Pecos, TX

105 Lincoln St, Pecos, TX 79772

Listing Price: $2,903,200

Cap Rate
4.65%
Tenant Name
Burger King
Guarantor
Franchisee Guarantee
Rentable SF
3,250
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$41.54

Investment Overview

Marcus & Millichap is pleased to present for sale this single-tenant, absolute triple-net lease Burger King Restaurant investment opportunity located at 105 Lincoln St Pecos, TX. The property consists of a 1.51-acre parcel improved with an approximately 3,250-square foot building. It is located at the intersection of Lincoln St and Texas Pecos Trail. 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 $135,000 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 in the newly developed retail corridor of Pecos. Hotels, restaurants, gas stations and retail properties have been developed over the last few years as a result of demand and growth. Traffic counts along Pecos Trail exceed 10,800 cars per day and along nearby Interstate 20, over 15,000 cars per day. Within the immediate trade area is located McDonalds, Walmart, Sonic Drive In, AutoZone, Flying J Travel Center and hotels such as Holiday Inn Suites, Staybridge Suites, and Microtel Inn and Suites to name a few.

Investment Highlights

  • BRAND NEW 20 YEAR ABSOLUTE NNN LEASE
  • NEW CONSTRUCTION
  • LOW RENT TO SALES RATIO

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 NNN Lease Pecos, TX

Listing Price: $2,903,200

Cap Rate
4.65%
Tenant Name
Burger King
Guarantor
Franchisee Guarantee
Rentable SF
3,250
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$41.54

Investment Highlights

  • BRAND NEW 20 YEAR ABSOLUTE NNN LEASE
  • NEW CONSTRUCTION
  • LOW RENT TO SALES RATIO

Investment Overview

Marcus & Millichap is pleased to present for sale this single-tenant, absolute triple-net lease Burger King Restaurant investment opportunity located at 105 Lincoln St Pecos, TX. The property consists of a 1.51-acre parcel improved with an approximately 3,250-square foot building. It is located at the intersection of Lincoln St and Texas Pecos Trail. 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 $135,000 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 in the newly developed retail corridor of Pecos. Hotels, restaurants, gas stations and retail properties have been developed over the last few years as a result of demand and growth. Traffic counts along Pecos Trail exceed 10,800 cars per day and along nearby Interstate 20, over 15,000 cars per day. Within the immediate trade area is located McDonalds, Walmart, Sonic Drive In, AutoZone, Flying J Travel Center and hotels such as Holiday Inn Suites, Staybridge 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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