About This Restaurant
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 43137 US Hwy 72. The site consists of roughly 3,418 rentable square feet of building space on an estimated 1.1-acre parcel of land. This investment opportunity features an existing fifteen (15) year lease term with zero landlord responsibilities and no remaining renewal options. The current rent annual rent is $122,330 and is scheduled to increase by five percent (5%) every five (5) years throughout the base term.
Property Details
- Sale Type Investment NNN
- Property Type Retail
- Property Subtype Fast Food Fast Food General Retail Restaurant Fast Food
- Building Size 3,418
- Year Built 2016
- Price 1,957,284
- Price Per SF 573
- Cap Rate 6.25
- NOI 122,330
- Percent Leased 100
- Building Height 1 Story
- Building FAR 0.07
- Land Acres 1.10 AC
Property Taxes
| Parcel Number | 14-03-08-0-000-143.000 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $167,000 |
| Date Created: | 2024-07-16 04:09:19 | Last Updated: | 2024-07-16 04:09:19 |
| Address: | 43137 US Highway 72 , Stevenson, Alabama, 35772 | ||