Burger King 2723 N Broadway St

Investment Highlights

New Construction and across from Walmart Supercenter (1.9M annual visits) Absolute NNN Lease with 15+ years remaining and 1.25% Annual Rent Bumps Surrounding QSR and dine in restaurants include Arby?s, Starbucks, Panda Express, Applebee?s, and Buffalo Wild Wings Top 81% store for foot traffic in the state of Kansas (Per Place.AI) Minutes from Pittsburg State University (Aprox. 6,500 Student enrollment)

Executive Summary

Franklin Street is pleased to present for sale a Burger King in Pittsburg, Kansas. Pittsburg is located in the Southeast portion of the state. It lies 90 miles west of Springfield, Missouri, 124 miles south of Kansas City, Missouri, and 137 miles northeast of Tulsa, Oklahoma. Burger King has direct frontage on N. Broadway St, which receives approximately 10,700 vehicles per day and is home to major national retailers including Walmart, Tractor Supply, Home Depot, Marshall's, Big Lots, Dillons Food Stores, among many others. Pittsburg is home to Pittsburg State University, which has an enrollment of nearly 6,500 students. The university?s athletics has a strong presence in the community, and are the only NCAA affiliated school to have a gorilla as its mascot. Located in southeast Kansas, Pittsburg sits only minutes from the Missouri border, and contains a downtown area full of local shops, restaurants, and the Crawford County Historical Museum. The operations were recently taken over by Kansas King Inc, who acquired 16 Burger King locations in Kansas and Nebraska, and has a strong track record of increasing store EBITA.

• Sale Type    Investment NNN
• Property Type    Retail
• Property Subtype    Fast Food
• Building Size    1,593
• Year Built    2018
• Price    2,200,000
• Price Per SF    1,381
• Cap Rate    6.53
• NOI    143,651
• Tenancy    Single
• Building Height    1 Story
• Building FAR    0.04
• Land Acres    1.00 AC