Restaurant

Burger King

Listing Price: $2,365,000

Cap Rate
6.50%
Tenant Name
Consolidated Burger A, LLC
Years Remaining On Lease
16.00
Guarantor
Franchisee Guarantee
Rentable SF
7,003
Lease Type
Absolute Net
Rent Per Square Feet
$21.95

Investment Overview

This Burger King is located in Chipley, Florida and is situated in the panhandle of Florida directly off the I-10 freeway in a growing trade area. This property is connected with an additional gas station canopy and is adjacent to Walmart Supercenter. The lease features seven and a half rental increases every five years with 18 years left on the triple-net lease.

Investment Highlights

  • Drive-Thru Location
  • Absolute Triple-Net (NNN) Lease with 16 Years Left on the Lease
  • 3,800-Square-Foot Burger King, 3,203-Square-Foot Convenience Store (Applefield's/Stuckeys) and Gas Canopy with Eight Fueling Stations (Exxon)
  • Tenant Exercised First and Second Lease Options Early in January 2005 and November 2015 Respectively
  • Situated 0.3 Miles Off the Interstate 10 Which Connects the Southeast
  • Health Rent to Sales Ratio

Exclusively Listed By

Listing Price: $2,365,000

Cap Rate
6.50%
Tenant Name
Consolidated Burger A, LLC
Years Remaining On Lease
16.00
Guarantor
Franchisee Guarantee
Rentable SF
7,003
Lease Type
Absolute Net
Rent Per Square Feet
$21.95

Investment Highlights

  • Drive-Thru Location
  • Absolute Triple-Net (NNN) Lease with 16 Years Left on the Lease
  • 3,800-Square-Foot Burger King, 3,203-Square-Foot Convenience Store (Applefield's/Stuckeys) and Gas Canopy with Eight Fueling Stations (Exxon)
  • Tenant Exercised First and Second Lease Options Early in January 2005 and November 2015 Respectively
  • Situated 0.3 Miles Off the Interstate 10 Which Connects the Southeast
  • Health Rent to Sales Ratio

Investment Overview

This Burger King is located in Chipley, Florida and is situated in the panhandle of Florida directly off the I-10 freeway in a growing trade area. This property is connected with an additional gas station canopy and is adjacent to Walmart Supercenter. The lease features seven and a half rental increases every five years with 18 years left on the triple-net lease.

Exclusively Listed By

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