1162 Boone St St EXT - Fast Food FOR SALE


Kingsland, GA 31548
$2,699,790 USD
332-345-4222
1162 Boone St St EXT, Kingsland, GA for Sale
$2,699,790 USD
Fast Food - FOR SALE
1/2
null | 6.35% Cap Rate

1162 Boone St St EXT
Kingsland, GA 31548


HIGHLIGHTS

  • Existing 15 Year Lease Term
  • Triple Net (NNN) Lease with Zero Landlord Responsibilities
  • Attractive Rental Increases of Five Percent (5%) Every Five (5) Years

OVERVIEW

NNN Pro Group is pleased to present the exclusive listing for a Burger King located at 1162 Boone St Ext, Kingsland GA. The site consists of roughly 3,218 rentable square feet of building space on an estimated 1.6-acre parcel of land. This investment opportunity features an existing fifteen (15) year lease term with zero landlord responsibilities and is subject to four (4), five (5) year tenant renewal options. The current rent annual rent is $171,437 and is scheduled to increase by five percent (5%) every five (5) years throughout the base term and option periods.

FOR SALE DETAILS

PRICE

$2,699,790 USD

PRICE/SF

$839 USD /SF

CAP RATE

6.35%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Burger King

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1996

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.6 AC

LAND SF

69,696 SF

ZONING

007

APN/PARCEL ID

107 007A

ASK ABOUT THIS PROPERTY

Glen KunofskyNNN Pro GroupMore Info
332-345-4222

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Glen KunofskyNNN Pro GroupMore Info
332-345-4222

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.