Burger King
Harvest, AL
Key Details
| Price: | $2,157,859 |
|---|---|
| Cap Rate: | 6.25% |
| Annual Rent: | $134,866 |
| Address: | 3035 Jeff Road Northwest, Harvest, Alabama 35749 |
| Property Type: | Retail |
| Lease Type: | Triple Net (NNN) |
Property Data
| Original Lease Term: | 20 Years |
|---|---|
| Lease Commencement: | 10/30/2018 |
| Lease Expiration: | 10/31/2038 |
| Lease Term Remaining: | 13.8 Years |
| Rental Increases: | 5.00% Every 5 Years |
| Lot Size: | 1.00 Acres |
| Building Size: | 3,440 SF |
NNN Pro is pleased to present the exclusive listing for a Burger King located at 3035 Jeff Road Northwest, Harvest, Alabama 35749. The site consists of roughly 3440 rentable square feet of building space on an estimated 1-acre parcel of land. This Burger King is subject to a 20-year Triple Net (NNN) lease, which commenced 10/30/2018. The current annual rent is $134,866 and has scheduled increases of 5.00% Every 5 Years.
About the Investment
- Existing 15 Year Lease Term
- Triple Net (NNN) Lease with Zero Landlord Responsibilities
- Attractive Rental Increases of Five Percent (5%) Every Five (5) Years
- No Renewal Options Remaining
Key Details
| Price: | $2,157,859 |
|---|---|
| Cap Rate: | 6.25% |
| Annual Rent: | $134,866 |
| Address: | 3035 Jeff Road Northwest, Harvest, Alabama 35749 |
| Property Type: | Retail |
| Lease Type: | Triple Net (NNN) |
Property Data
| Original Lease Term: | 20 Years |
|---|---|
| Lease Commencement: | 10/30/2018 |
| Lease Expiration: | 10/31/2038 |
| Lease Term Remaining: | 13.8 Years |
| Rental Increases: | 5.00% Every 5 Years |
| Lot Size: | 1.00 Acres |
| Building Size: | 3,440 SF |
Talk to the Pros
Glen Kunofsky
gkunofsky@nnnpro.com
License: NY: 49KU1129178
Matthew Anuszkiewicz
manuszkiewicz@nnnpro.com
License: NY: 10401294046
Howard Curd
hcurd@nnnpro.com
License: NY: 10401339720
Patrick Finn
pfinn@nnnpro.com
License: NY: 10301222858
Broker of Record
Brian Brockman
Bang Realty-Alabama, Inc
License: 119315
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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.