About This Restaurant
Investment Highlights
Extremely Low Ground Lease Rent | Lowest Rent Burger King On Market Very Low Price Point For National Credit and Low Price Price Per SF Additional Frontage and Access from Mitchel Road with 2,634 VPD Frontage on Preacher Roe Blvd. with 12,933 VPD with Signalized Shared Access Reciprocal Easement with McDonald's and 3 Total Points of Entry Adjacent to McDonald's that is Approximately Top 70 Percentile Nationwide with 583k Visits a Year Per Placer.ai Signalized Intersection with Entrance to Walmart Supercenter Anchored Shopping Center
Executive Summary
Marcus & Millichap is pleased to present the opportunity to acquire a ground-leased Burger King property on a 1.4-acre lot in West Plains, Missouri. The property is located on Preacher Roe Blvd. with over 12,933 vehicles per day. The property shares a signalized intersection with McDonald's and the entrance to a Walmart-anchoredshopping center.The property has been ground leased to a Burger King operator since 1995. There are approximately 11 years remaining in the initial term, with four, five-year renewal options thereafter.Situated within the main retail hub for the city, the property is surrounded by national tenants including, Walmart Supercenter, Habor Freight Tool, Big Lots, Walgreens, Dollar Tree, Ave Hardware, O'Reilly Auto Parts and more.
Property Details
- Sale Type Investment NNN
- Property Type Retail
- Property Subtype Fast Food Fast Food General Retail Convenience Store General Retail Freestanding General Retail Restaurant Fast Food
- Building Size 3,000
- Building Class C
- Year Built 1995
- Price 761,250
- Price Per SF 254
- Tenancy Single
- Building Height 1 Story
- 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.
Amenities
- Corner Lot
- Dedicated Turn Lane
- Signage
- Signalized Intersection
- Drive Thru
Property Taxes
Parcel Number | 15-9.0-29-000-000-083.01100 | Improvements Assessment | $0 |
Land Assessment | $0 | Total Assessment | $139,040 |
Date Created: | 2024-07-16 04:16:21 | Last Updated: | 2024-07-16 04:16:21 |
Address: | 1317 Preacher Roe Blvd , West Plains, Missouri, 65775 |