Burger King
Stevenson, AL
Key Details
| Price: | $2,018,047 |
|---|---|
| Cap Rate: | 6.00% |
| Annual Rent: | $121,083 |
| Address: | 43137 U.S. 72, Stevenson, Alabama 35772 |
| 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: | 13.6 Years |
| Rental Increases: | 1.00% Annually |
| Lot Size: | 1.10 Acres |
| Building Size: | 3,418 SF |
| Year Built: | 2016 |
NNN Pro is pleased to present the exclusive listing for a Burger King located at 43137 U.S. 72, Stevenson, Alabama 35772. The site consists of roughly 3418 rentable square feet of building space on an estimated 1.1-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 $121,083 and has scheduled increases of 1.00% Annually.
About the Investment
- Rare Corporate Guarantee | Restaurant Brands International (NYSE: QSR) is one of the world's largest quick service restaurant companies, currently owning over 7,000 Burger King Restaurants. RBI has no ability to be relieved of this lease obligation in an assignment, showing the strength of this guarantee.
- Dense Retail Corridor | The subject investment property is located in a robust retail corridor featuring several local and national tenants. Major national tenants include McDonald's, Jack's, Tractor Supply, U-Haul, Ace Hardware, and more.
- Strong Frontage on Main Throughway in the Area | The subject property benefits from being situated on US Hwy 72. US Hwy 72 is one of the main roads in the region and brings over 13,500 vehicles directly to the property every day.
- Absolute Triple Net Lease | The site is subject to an original 20-year Triple Net (NNN) lease which commenced in 2018. The lease has over 13 years remaining with zero landlord responsibilities, providing the landlord with a hands-off, passive investment.
Key Details
| Price: | $2,018,047 |
|---|---|
| Cap Rate: | 6.00% |
| Annual Rent: | $121,083 |
| Address: | 43137 U.S. 72, Stevenson, Alabama 35772 |
| 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: | 13.6 Years |
| Rental Increases: | 1.00% Annually |
| Lot Size: | 1.10 Acres |
| Building Size: | 3,418 SF |
| Year Built: | 2016 |
Talk to the Pros
Glen Kunofsky
gkunofsky@nnnpro.com
License: NY: 49KU1129178
Matthew Anuszkiewicz
manuszkiewicz@nnnpro.com
License: NY: 10401294046
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.