Burger King NNN Lease Investment

Retail-Commercial for Sale
Catylist Listing ID: 30624410
Property Subtypes: Restaurant
Building Size (RSF): 3,434 SF
Gross Building Area: See Agent
Gross Land Area: 0.83 SF
Sale Price: $1,952,727
Unit Price: $568.65 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Sale Terms: Cash to Seller
Cap Rate: 5.5%
Last Updated: 6/25/2020

Overview / Comments

Great opportunity to own a Burger King leased investment property. This is an absolute NNN lease with zero landlord responsibility and 16 years remaining on a 20 year term. The income from this investment offers a Cap Rate of 5.5% on the first year with rent increases every five years. The lessee is a successful multi-store franchisee.

The building is located in a busy central Lincoln location close to Southeast High School, Wlagreens, CVS, McDonald's, Union College, and Bryan Health hospital. There are good traffic counts on 48th Street with 15,180 vehicles/day.

Please sign a Confidentiality Agreement for full marketing package.

Current Tenants

Tenant Business Name Burger King
Is Renting? Yes

Additional Details

Nearest MSA: Lincoln
County: Lancaster
Tax ID/APN: 1605106032000
Zoning: B-1
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Total Parking Spaces: 33

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 15,056 141,128 227,151
Median Age: 36.68 36.08 34.95
Households: 6,476 58,531 91,994

Contact

Photograph of Listing Agent

Thomas Graf, CCIM

NAI FMA Realty MRCIE Member
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