Burger King | Corp Abs NNN | DriveThru 9827 Bluebonnet Blvd

9827 Bluebonnet Blvd , Baton Rouge, Louisiana, 70810 | 2,425 sq.f | $ 1,920,000

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About This Restaurant

Investment Highlights

Over 4 Years Remaining | Corporate Guaranteed | Options To Extend | Well-Known & Established Brand Mall of Louisiana (1,559,000 SF) | Dense Retail Corridor | Strong National/Credit Tenant Presence Strong Demographics in 5-Mile Trade Area | Six-Figure Incomes Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities Near Signalized, Hard Corner Intersection | I10 (122,000+ VPD) | Excellent Visibility & Access

Executive Summary

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased, Burger King investment property located in Baton Rouge, Louisiana. The tenant, GPS Hospitality, has over 4 years remaining on their current lease with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 2% annual rental increases that started in year 6 of the initial term and throughout the option periods, steadily growing NOI and hedging against inflation. The lease is an Absolute NNN lease with zero landlord responsibilities making it an ideal investment opportunity for a passive investor.

Property Details

  • Sale Type    Investment NNN
  • Property Type    Retail Retail General Retail Fast Food General Retail Freestanding General Retail Restaurant Retail
  • Building Size    2,425
  • Building Class    B
  • Year Built    2007
  • Price    1,920,000
  • Price Per SF    792
  • Cap Rate    6.61
  • NOI    126,824
  • Tenancy    Single
  • Building Height    1 Story
  • Building FAR    0.06
  • Land Acres    0.87 AC

Amenities

  • Corner Lot
  • Freeway Visibility
  • Pylon Sign
  • Restaurant
  • Signage
  • Signalized Intersection
  • Drive Thru

Nearby Amenities & Transportation

Retail Albertsons
Retail Starbucks
Retail Wingstop
Retail Snap Fitness 24/7
Retail MOOYAH
Retail F45 Training, Inc.
Retail Chase Bank
Retail The First Bank
Retail Jack In The Box
Retail Hancock Whitney Bank

Property Taxes

Parcel Number 02459949 Improvements Assessment $97,200
Land Assessment $30,000 Total Assessment $127,200
Date Created: 2024-07-16 04:16:16 Last Updated: 2024-07-16 04:16:16
Address: 9827 Bluebonnet Blvd , Baton Rouge, Louisiana, 70810