Burger King 2729 N Main St

Investment Highlights

Store was Recently Renovated & Updated to Increase Drive-Thru Capacity Existing Twenty (20) Year Lease Term New Extended Lease By Tenant Shows Commitment to Location

Executive Summary

NNN Pro Group is pleased to present the exclusive listing for a Burger King located at 2729 North Main Street, Rutland VT. The site consists of roughly 4,599 rentable square feet of building space on estimated 1.15-acre parcel of land. This investment opportunity is subject to an existing 20 Year (NNN) lease term with zero landlord responsibilities. The lease commenced on 1/1/2023 and is subject to four (4), five (5) year tenant renewal options. The current annual rent is $121,500 and is scheduled to increase throughout the lease term and continuing throughout the base term and option periods.

• Sale Type    Investment NNN
• Property Type    Retail
• Property Subtype    Fast Food
• Building Size    4,599
• Building Class    C
• Year Built/Renovated    1977/2024
• Price    2,359,223
• Price Per SF    513
• Cap Rate    5.15
• NOI    121,500
• Percent Leased    100
• Building Height    1 Story
• Building FAR    0.09
• Land Acres    1.15 AC
• Opportunity Zone    Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.