293 N Locust St - Fast Food FOR SALE


Buckhannon, WV 26201
$2,800,000 USD
513-300-0763
293 N Locust St, Buckhannon, WV for Sale
$2,800,000 USD
Fast Food - FOR SALE
1/2
null | 6% Cap Rate

293 N Locust St
Buckhannon, WV 26201


HIGHLIGHTS

  • 20 Years Remaining on Brand New Lease Restructure in July 2024 | Tenant Showing Commitment to Property by Extending Early, 10 Years Prior to Lease Exp
  • Guaranteed by GPS Hospitality, the 3rd Largest Burger King Franchisee in the Country – 400 Burger Kings, 60+ Pizza Huts and 19 Popeye’s
  • Outstanding Sales - $1.975M in 2023 and Trending Upwards | 41% Above the National Burger King Sales Average

OVERVIEW

Bang Realty is pleased to present the exclusive listing for a Burger King located at 293 North Locust Street in Buckhannon, WV. The site consists of roughly 3,969 rentable square feet of building space on estimated 1.14-acre parcel of land. This Burger King boasted exceptional unit level sales of over $1.97M in 2023 and is on track for more growth in 2024. The tenant recently restructured the lease, adding 10 years of lease term, creating a new 20-year absolute triple-net (NNN) lease.

FOR SALE DETAILS

PRICE

$2,800,000 USD

PRICE/SF

$705 USD /SF

CAP RATE

6%

% 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

1997

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.14 AC

LAND SF

49,658 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Brian BrockmanBang RealtyMore Info
513-300-0763

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Brian BrockmanBang RealtyMore Info
513-300-0763

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