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Restaurant

Burger King

18770 Whyte Hardee Blvd, Hardeeville, SC 29927

Listing Price: $2,085,000

Cap Rate
5.00%
Tenant Name
Burger King
Years Remaining On Lease
15.7
Gross SF
4,242
Guarantor
Franchisee Guarantee
Rentable SF
4,242
Price/Gross SF
$491.51
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$24.57

Investment Overview

SITE FUNDAMENTALS The property consists of 1.17 acres of land improved with a 4,242-square foot building. The restaurant has 16 years remaining on the original 20-year lease. Annual base rent is set to the greater of $104,244.21 or 7.5% of total gross sales. The lease also provides for an additional four five-year options to renew. EXCELLENT LOCATION The restaurant is located directly off South Carolina exit 5 from Interstate 95 (I-95). It is the first QSR restaurant west of the exit, capturing a portion of the 52,200 vehicles that travel daily on this section of Interstate. It sits along a healthy mix of commuter friendly, nationally branded hotels like Days Inn, Quality Inn, and Red Roof Inn, as well as larger foot-print gas stations like Pilot, Quick Trip, and Shell. ESTABLISHED HISTORICAL PRESENCE Burger King has been a long-time tenant at this location with an established historical presence of more than two decades and was recently remodeled to the brand’s newest image. The restaurant less than 30 minutes from both Hilton Head Island and it’s seaside attractions and 20 minutes to Savannah’s vibrant downtown. STRONG GUARANTEE | GLOBALY RECOGNIZED BRAND Strong 80+unit guarantee with Premier Kings of Georgia, a subsidiary of Premier Kings, Inc., a large restaurant operator with more than 200 units across several states. Every day, more than 11 million guests visit BURGER KING®  restaurants around the world because their restaurants are known for serving high-quality, great-tasting, and affordable foods.

Investment Highlights

  • Interstate Location off I-95 near Hilton Head Island
  • Established Historical Presence | Absolute Triple-Net
  • 80+Unit Guarantee with Premier Kings of Georgia

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Vice President/Regional Manager

    (843) 952-2300

    License(s) SC: 86628

    South Carolina

Listing Price: $2,085,000

Cap Rate
5.00%
Tenant Name
Burger King
Years Remaining On Lease
15.7
Gross SF
4,242
Guarantor
Franchisee Guarantee
Rentable SF
4,242
Price/Gross SF
$491.51
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$24.57

Investment Highlights

  • Interstate Location off I-95 near Hilton Head Island
  • Established Historical Presence | Absolute Triple-Net
  • 80+Unit Guarantee with Premier Kings of Georgia

Investment Overview

SITE FUNDAMENTALS The property consists of 1.17 acres of land improved with a 4,242-square foot building. The restaurant has 16 years remaining on the original 20-year lease. Annual base rent is set to the greater of $104,244.21 or 7.5% of total gross sales. The lease also provides for an additional four five-year options to renew. EXCELLENT LOCATION The restaurant is located directly off South Carolina exit 5 from Interstate 95 (I-95). It is the first QSR restaurant west of the exit, capturing a portion of the 52,200 vehicles that travel daily on this section of Interstate. It sits along a healthy mix of commuter friendly, nationally branded hotels like Days Inn, Quality Inn, and Red Roof Inn, as well as larger foot-print gas stations like Pilot, Quick Trip, and Shell. ESTABLISHED HISTORICAL PRESENCE Burger King has been a long-time tenant at this location with an established historical presence of more than two decades and was recently remodeled to the brand’s newest image. The restaurant less than 30 minutes from both Hilton Head Island and it’s seaside attractions and 20 minutes to Savannah’s vibrant downtown. STRONG GUARANTEE | GLOBALY RECOGNIZED BRAND Strong 80+unit guarantee with Premier Kings of Georgia, a subsidiary of Premier Kings, Inc., a large restaurant operator with more than 200 units across several states. Every day, more than 11 million guests visit BURGER KING®  restaurants around the world because their restaurants are known for serving high-quality, great-tasting, and affordable foods.

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Vice President/Regional Manager

    (843) 952-2300

    License(s): SC: 86628

    South Carolina

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