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Burger King

Kingsland, GA

Key Details

Price:$2,699,790
Cap Rate:6.35%
Annual Rent:$171,437
Address:1162 Boone Avenue, Kingsland, Georgia 31548
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:1.60 Acres
Building Size:3,218 SF
NNN Pro is pleased to present the exclusive listing for a Burger King located at 1162 Boone Avenue, Kingsland, Georgia 31548. The site consists of roughly 3218 rentable square feet of building space on an estimated 1.6-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 $171,437 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
  • Four (4) Tenant Renewal Periods of Five (5) Years Each

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-Georgia, Inc
License: 378952
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.

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