Investment Highlights
Ranked in the top 1% of Burger King stores nationally, contact broker for more details
Recent 15-year lease extension demonstrates commitment to the store
Immediate access to Interstate 87 (101,367 VPD)
The operator, Carrols Corporation, was recently acquired by Burger King?s parent company Restaurant Brands International
Established operating history since 1994
Surrounded by several well-anchored shopping centers
Executive Summary
The Boulder Group is pleased to exclusively market for sale a single tenant net leased Burger King property positioned within the Albany MSA Clifton Park, New York. Carrols Corporation has been successfully operating at this location since 1994. In 2023, Carrols signed a 15-year lease extension through July 2038. The lease is triple net which presents no landlord responsibilities and contains 10% rental escalations every 5 years. There are also three 5-year renewal options that increase by the CPI. Burger King?s parent company, Restaurant Brands International (RBI), recently acquired Carrols Corporation in Q2 2024. The Burger King has significant above average store sales and is ranked in the top 1% of Burger King locations in the chain. Contact broker for more details.The 3,692 square-foot building benefits from its position at the intersection of US Highway 9 and Clifton Park Boulevard which experienced a combined 66,734 vehicles per day. The property also benefits from its immediate access to Interstate 87 (101,367 VPD). The asset is surrounded by several shopping centers and located on an outparcel to Lowe?s Home Improvement. Neighboring retailers include The Home Depot, Target, Kohl?s, ALDI, Trader Joe?s, JOANN, PetSmart, Advance Auto Parts, WellNow Urgent Care, Regal Cinemas, and Boscov?s. Additionally, this is an affluent area where the average household income within five miles is $132,037. The population within the same radius is comprised of nearly 70,000 people. The subject property is located roughly 20 minutes north of Albany, New York.Founded in 1954 in Miami, Florida, Burger King has grown into a global fast-food giant, boasting over 18,700 restaurants across more than 100 countries. Known for its flame-grilled burgers, the company has undergone multiple ownership changes, including acquisitions by Pillsbury Company, Diageo, and private equity firms. Notable menu innovations like the Whopper in 1957 have fueled its success, along with strategic marketing campaigns featuring celebrities and brand collaborations. Burger King has adapted to evolving consumer preferences by introducing healthier options and embracing technology, offering mobile ordering and delivery services. Despite intense competition, Burger King remains a dominant force in the fast-food industry, continually expanding its reach and maintaining its status as a leading global chain.
