Burger King

Jasper, AL

Key Details

Price:$1,687,227
Cap Rate:7.50%
Annual Rent:$126,542
Address:122 Carl Cannon Boulevard, Jasper, Alabama 35501
Property Type:Retail
Lease Type:Triple Net (NNN)

Property Data

Original Lease Term:21 Years
Lease Commencement:11/30/2017
Lease Expiration:3/13/2039
Lease Term Remaining:13.9 Years
Rental Increases:Variable
Lot Size:1.00 Acres
Building Size:3,443 SF
Year Built:2017
NNN Pro is pleased to present the exclusive listing for a Burger King located at 122 Carl Cannon Boulevard, Jasper, Alabama 35501. The site consists of roughly 3443 rentable square feet of building space on an estimated 1-acre parcel of land. This Burger King is subject to a 21-year Triple Net (NNN) lease, which commenced 11/30/2017. The current annual rent is $126,542 and has scheduled increases of Variable.

About the Investment

  • Zero Landlord Responsibility | This property is secured by a true triple-net (NNN) lease, ensuring zero landlord responsibilities. With the tenant responsible for all expenses, including maintenance, taxes, and insurance, investors benefit from a completely passive income stream.
  • Strong Franchisee Guarantee | This investment is backed by Bulldog Restaurants, LLC, a well-established franchisee with a proven track record in the restaurant industry. The franchisee guarantee enhances the security of the lease, providing investors with a reliable and experienced tenant. With a commitment to operational excellence and long-term success, Bulldog Restaurants, LLC strengthens the property’s investment appeal.
  • Long-Term Lease with Performance-Based Rent Structure | This property features a secure long-term lease with 14 years remaining, offering stability and consistent income potential. The rent structure is tied to 8.50% of unit-level sales, ensuring alignment with business performance. The current rent reflects the total percentage rent generated in 2023, providing investors with a dynamic revenue model that benefits from the property's continued success and growth.
  • Strong Demographics Supporting Long-Term Growth | The property is surrounded by a solid demographic base, with a population of 40,000 within a five-mile radius and an average household income nearing $70,000. This strong consumer base provides steady demand and purchasing power, making the location ideal for long-term business success.

Talk to the Pros

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Glen Kunofsky

gkunofsky@nnnpro.com
License: NY: 49KU1129178
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Matthew Anuszkiewicz

manuszkiewicz@nnnpro.com
License: NY: 10401294046
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Howard Curd

hcurd@nnnpro.com
License: NY: 10401339720
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Patrick Finn

pfinn@nnnpro.com
License: NY: 10301222858

Broker of Record

Brian Brockman

Bang Realty-Alabama, Inc
License: 119315
This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.