530 Oxbow Rd - Fast Food FOR SALE


Palmyra, ME 04965
$2,791,579 USD
332-345-4222
530 Oxbow Rd, Palmyra, ME for Sale
$2,791,579 USD
Fast Food - FOR SALE
1/2
null | 6.5% Cap Rate

530 Oxbow Rd
Palmyra, ME 04965


HIGHLIGHTS

  • Brand New 20-Year Sale-Leaseback
  • Triple Net (NNN) Lease with Zero Landlord Responsibilities
  • Guaranteed by Carrols, LLC | Largest Burger King Franchisee With Over 1,110 Units

OVERVIEW

NNN Pro Group is pleased to present the exclusive listing for a Burger King located at 530 Oxbow Road, Palmyra, Maine. The site consists of roughly 3,250 rentable square feet of building space on estimated 0.7-acre parcel of land This investment opportunity is subject to a brand new 20-year Triple-Net (NNN) sale-leaseback with zero landlord responsibilities. The lease will commence upon the close of escrow and will be subject to six (6), five (5) year tenant renewal options. The initial annual rent will be $174,474 and is scheduled to increase by one percent (1.00%) annually starting in year 11 and continuing throughout the base term and option periods. In each option period the rent will increase by one percent (1.00%) annually in years 1 through 3 and the rent will remain flat in years 4 and 5.

FOR SALE DETAILS

PRICE

$2,791,579 USD

PRICE/SF

$859 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Burger King

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2015

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.7 AC

LAND SF

30,492 SF

ZONING

-

APN/PARCEL ID

PALA-000005-000068-000001

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.