Burger King 1162 Boone St St EXT

Investment Highlights

Existing 15 Year Lease Term Attractive Rental Increases of Five Percent (5%) Every Five (5) Years Triple Net (NNN) Lease with Zero Landlord Responsibilities

Executive Summary

NNN Pro Group is pleased to present the exclusive listing for a Burger King located at 1162 Boone St Ext, Kingsland GA. The site consists of roughly 3,218 rentable square feet of building space on an estimated 1.6-acre parcel of land. This investment opportunity features an existing fifteen (15) year lease term with zero landlord responsibilities and is subject to four (4), five (5) year tenant renewal options. The current rent annual rent is $171,437 and is scheduled to increase by five percent (5%) every five (5) years throughout the base term and option periods.

• Sale Type    Investment
• Property Type    Retail
• Property Subtype    Fast Food
• Building Size    3,218
• Building Class    C
• Year Built    1996
• Price    2,699,790
• Price Per SF    839
• Cap Rate    6.35
• NOI    171,437
• Tenancy    Single
• Building Height    1 Story
• Building FAR    0.05
• Land Acres    1.60 AC