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Restaurant

Burger King

1295 Ribaut Rd, Beaufort, SC 29902

Listing Price: $2,230,000

Cap Rate
5.00%
Tenant Name
Burger King
Years Remaining On Lease
15.7
Gross SF
4,391
Guarantor
Franchisee Guarantee
Rentable SF
4,391
Price/Gross SF
$507.86
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$25.40

Investment Overview

SITE FUNDAMENTALS The property consists of 1.37 acres of land improved with a 4,391-square foot building. The restaurant has 16 years remaining on the original 20-year lease. Annual base rent is set to the greater of $111,541.50 or 7.5% of total gross sales. The lease also provides for an additional four five-year options to renew. EXCELLENT LOCATION The restaurant features unique seaside architecture and landscaping on an oversized lot in the popular Town of Beaufort. The site is on a signalized hard-corner on the intersection of Ribaut and Mossy Oaks Road, within walking distance to the coastline. The restaurant is minutes from the Naval Hospital Beaufort as well as Beaufort Memorial Hospital, the largest hospital between Savannah, GA and Charleston, SC, and the Beaufort Nursing and Rehab facility. Also, within a short drive to the Marine Corps Air Station (Merritt Field), one of the Military’s most important and most historically colorful installations. Strong fundamentals with excellent traffic counts of more than 20,900 cars per day along the retail corridor and healthy daytime population with household incomes above the nation’s average. ESTABLISHED HISTORICAL PRESENCE Burger King has been a long-time tenant at this location with an established historical presence of more than 20 years. A healthy mix of commercial and residential drives include Technical College of the Lowcountry, a two-year college with an enrollment of more than 2,200 students as well as several public and private schools within a three-mile radius With combined enrollments of more than 2,000 students. Other nearby tenants include Hardee’s, Walgreens, CVS, Piggly Wiggly, and Family Dollar. True triple-net (NNN) lease with no landlord responsibilities. 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

  • Coastal Beaufort Location Near Hilton Head Island
  • Potential for Percentage Rent | Triple-Net Lease
  • Strong Traffic Counts | Large 1.37-Acre Lot | Established Location

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Vice President/Regional Manager

    (843) 952-2300

    License(s) SC: 86628

    South Carolina

Restaurant

Burger King

Listing Price: $2,230,000

Cap Rate
5.00%
Tenant Name
Burger King
Years Remaining On Lease
15.7
Gross SF
4,391
Guarantor
Franchisee Guarantee
Rentable SF
4,391
Price/Gross SF
$507.86
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$25.40

Investment Highlights

  • Coastal Beaufort Location Near Hilton Head Island
  • Potential for Percentage Rent | Triple-Net Lease
  • Strong Traffic Counts | Large 1.37-Acre Lot | Established Location

Investment Overview

SITE FUNDAMENTALS The property consists of 1.37 acres of land improved with a 4,391-square foot building. The restaurant has 16 years remaining on the original 20-year lease. Annual base rent is set to the greater of $111,541.50 or 7.5% of total gross sales. The lease also provides for an additional four five-year options to renew. EXCELLENT LOCATION The restaurant features unique seaside architecture and landscaping on an oversized lot in the popular Town of Beaufort. The site is on a signalized hard-corner on the intersection of Ribaut and Mossy Oaks Road, within walking distance to the coastline. The restaurant is minutes from the Naval Hospital Beaufort as well as Beaufort Memorial Hospital, the largest hospital between Savannah, GA and Charleston, SC, and the Beaufort Nursing and Rehab facility. Also, within a short drive to the Marine Corps Air Station (Merritt Field), one of the Military’s most important and most historically colorful installations. Strong fundamentals with excellent traffic counts of more than 20,900 cars per day along the retail corridor and healthy daytime population with household incomes above the nation’s average. ESTABLISHED HISTORICAL PRESENCE Burger King has been a long-time tenant at this location with an established historical presence of more than 20 years. A healthy mix of commercial and residential drives include Technical College of the Lowcountry, a two-year college with an enrollment of more than 2,200 students as well as several public and private schools within a three-mile radius With combined enrollments of more than 2,000 students. Other nearby tenants include Hardee’s, Walgreens, CVS, Piggly Wiggly, and Family Dollar. True triple-net (NNN) lease with no landlord responsibilities. 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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