Burger King 1510 E Broad St

Investment Highlights

NEW 15-YEAR LEASE SIGNED AUGUST 2022 BY 1000+ STORE FRANCHISEE TENANT IN PERCENTAGE RENT SINCE 2009. 7% PERCENTAGE RENT FACTOR AND FIXED ESCALATIONS. I-77 INTERCHANGE

Executive Summary

Store has been in Percentage Rent for since 2009, and is currently experiencing a surge in sales due to completion of recent road improvements . Cap rate based on average NOI using current U.S. CPI. This 2,840 SF freestanding restaurant space sits on approximately 0.9 acres and features 50 onsite parking spaces. The property offers peak visibility with two curb cuts on Broad Street, and cross-access to Broad Street Shopping Center. Built in 2002 for Burger King, the building has a fully functional drive through lane including order and pick up windows and parking spaces.

• Sale Type    Investment NNN
• Property Type    Retail
• Property Subtype    Retail
• Building Size    2,840
• Building Class    C
• Year Built    1982
• Price    2,100,000
• Price Per SF    739
• Cap Rate    8.19
• NOI    171,990
• Tenancy    Single
• Building Height    1 Story
• Building FAR    0.07
• Land Acres    0.90 AC

• Freeway Visibility
• Pylon Sign
• Signage
• Signalized Intersection
• Drive Thru