Burger King

Springfield, Oregon

NNN Pro Group is pleased to present the exclusive listing for a Burger King located at 1611 18th Street, Springfield, OR. The site consists of roughly 2,932 rentable square feet of building space on an estimated 1.00 acres of land. This Burger King is subject to a 20-year absolute triple net (NNN) lease which commenced June 1st, 2021, and has over 17 years remaining.. The base rent is $122,132 and will increase by 1.50% percent annually starting in year seven and continuing throughout the base term and into each of the four (4), five (5)-year tenant renewal option periods.

About the Investment:

✓ Long Term, 20-Year Lease that Commenced in June 2021 – Over 17 Years Remaining
✓ Absolute Triple-Net (NNN) Lease with Zero Landlord Responsibilities
✓ Attractive Rental Increases of 1.50% Annually Beginning in Year 7
✓ Four (4), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 40 Years
✓ Long Term Tenancy | Burger King has Been Operating at this Location for 40+ Years