Burger King | University Location | 14.5 Yrs 504 N Main St

504 N Main St , Tuskegee, Alabama, 36083 | 3,442 sq.f | $ 1,789,000

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About This Restaurant

Investment Highlights

Executive Summary

? Long-term lease | ?14.5 years remaining on the base term of the lease? Passive investment | Absolute NNN lease | Zero Landlord responsibilities? Strong guarantee | Leased is backed by Bulldog Restaurants, LLC, a subsidiary of Starboard Group which is an operator of 165+ restaurants across 8 states | Brands include Burger King (35), Wendy?s (61), Cici?s Pizza (24), Applebee?s (20), Subway (15), McAlister?s Deli (6), and Fuzzy?s Taco Shop (5)? University Location | Walking distance to Tuskegee University | 2,570 students enrolled? Strong sales trends | Sales increased 10.54% in 2023 | Speak with Agent for details? Healthy rent-to-sales ratio at sub-8%? Excellent access and visibility from Main St? About 3 miles from Booker T Washington High School | 477 students? Iconic brand | Burger King has about 18,000 locations in over 100 countries and U.S. territories and has been one of the most successful burger chains in the world since 1954

Property Details

  • Sale Type    Investment NNN
  • Property Type    Retail
  • Property Subtype    Fast Food Fast Food General Retail Freestanding General Retail Restaurant Fast Food
  • Building Size    3,442
  • Building Class    C
  • Year Built/Renovated    1979/2013
  • Price    1,789,000
  • Price Per SF    520
  • Cap Rate    6
  • NOI    107,340
  • Tenancy    Single
  • Building Height    1 Story
  • Building FAR    0.09
  • Land Acres    0.91 AC

Property Taxes

Parcel Number 07-09-30-3-002-015-0020 Improvements Assessment $22,228
Land Assessment $121,248 Total Assessment $143,476
Date Created: 2024-07-16 04:09:19 Last Updated: 2024-07-16 04:09:19
Address: 504 N Main St , Tuskegee, Alabama, 36083