Burger King

Altoona, Pennsylvania

NNN Pro Group is pleased to present the exclusive listing for a Burger King located at 216-226 E. Pleasant Valley Boulevard. The site consists of roughly 2,905 rentable square feet of building space on estimated 0.71-acre parcel of land. This investment opportunity is subject to an existing 11 Year Triple-Net (NNN) lease with zero landlord responsibilities. The tenant retains five (5), five (5) year renewal options. The current annual rent is $118,883 and is scheduled to increase by one percent (1.00%) annually throughout the base term. In each option period the rent will increase by one percent (1.00%) annually.

 Approximately 11 Years Remaining On Original 15 Year Lease
 Triple Net (NNN) Lease with Zero Landlord Responsibilities
 Guaranteed by Carrols, LLC | Largest Burger King Franchisee With Over 1,110 Units
 Attractive Rental Increases of One Percent (1.0%) Annually
 Five (5) Tenant Renewal Periods of Five (5) Years Each