Restaurant

Burger King

Listing Price: $2,272,727

Cap Rate
5.50%
Tenant Name
Switchgrass Holdings, LLC (45-Units)
Years Remaining On Lease
19.70
Gross SF
2,866
Guarantor
Private Guarantee
Rentable SF
2,866
Price/Gross SF
$793.00
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$43.61

Investment Overview

The subject investment property is a Burger King situated as an outparcel to a Lowe’s, on North Kelly Avenue in Edmond, Oklahoma. North Kelly Avenue intersects with West Covell Road, experiencing average daily traffic counts exceeding 22,000 and 20,000 vehicles, respectively. There are more than 63,000 individuals residing within a three-mile radius of the property and approximately 142,000 individuals within a five-mile radius. The surrounding area is also very affluent, with an average household income exceeding $103,000 within a three-mile radius.

Investment Highlights

  • Long Term, 20-Year Sale-Leaseback
  • Brand New Construction
  • Triple Net (NNN) Lease with Zero Landlord Responsibilities

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

  • Daniel Price

    Licensed Real Estate Salesperson

    Email Daniel

    License(s): NY: 10401300635

    Manhattan

Listing Price: $2,272,727

Cap Rate
5.50%
Tenant Name
Switchgrass Holdings, LLC (45-Units)
Years Remaining On Lease
19.70
Gross SF
2,866
Guarantor
Private Guarantee
Rentable SF
2,866
Price/Gross SF
$793.00
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$43.61

Investment Highlights

  • Long Term, 20-Year Sale-Leaseback
  • Brand New Construction
  • Triple Net (NNN) Lease with Zero Landlord Responsibilities

Investment Overview

The subject investment property is a Burger King situated as an outparcel to a Lowe’s, on North Kelly Avenue in Edmond, Oklahoma. North Kelly Avenue intersects with West Covell Road, experiencing average daily traffic counts exceeding 22,000 and 20,000 vehicles, respectively. There are more than 63,000 individuals residing within a three-mile radius of the property and approximately 142,000 individuals within a five-mile radius. The surrounding area is also very affluent, with an average household income exceeding $103,000 within a three-mile radius.

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

  • Daniel Price

    Licensed Real Estate Salesperson

    Email Daniel

    License(s): NY: 10401300635

    Manhattan

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