Burger King - Fast Food FOR SALE


Nicholasville, KY 40356
$1,990,000 USD
949-903-3399
Burger King, Nicholasville, KY for Sale
$1,990,000 USD
Fast Food - FOR SALE
1/6
null | 5.91% Cap Rate

Burger King
Nicholasville, KY 40356


HIGHLIGHTS

  • Long-Term 15+ Yr. Absolute NNN Lease by Burger King - Newer 2020 Build with Drive-thru
  • Signalized-Corner - High Density Residential Area - Near Main High School/Middle School
  • One of Largest & Fastest Growing QSR Franchise Groups in U.S. with 475+ Locations
  • Affluent Suburb of Lexington KY - Labeled “One of the Nation’s Most Stable Economies”
  • Strong Operator Guarantee (180 Units) with Strong Balance Sheet - Four QSR Brands
  • Iconic American Brand- 10% Rent Bumps - Large 1.15 Acre Parcel - Zero LL Duties

OVERVIEW

The Snyder Carlton National Net Lease Team is pleased to offer investors an opportunity to acquire the single-tenant absolute-NNN-leased Burger King in Nicholasville, KY. Burger King is owned by Restaurant Brands International (NYSE: QSR), which has nearly $45 billion in annual sales. The tenant, Ampler Burgers Ohio LLC, is one of the largest and fastest-growing franchise groups in the fast-food industry and is a leading franchisee of Burger King, Taco Bell, Little Caesars, and Church’s Texas Chicken. With over 15 years remaining in the primary term, nine 5-year option periods, 10% rent increases every 5 years, and zero landlord responsibilities, this asset is ideal as a 1031 exchange asset or for an investor seeking years of inflation-resistant cash flows. The 3,843 SF quick-service restaurant building with a drive-thru on a 1.15-acre parcel is adjacent to the intersection of US Highway 27 and Edgewood Road, which sees over 28,300 VPD. Nearby retailers include Kroger, Ollie’s Bargain Market, Walgreens, Chase Bank, Dollar General, McDonald’s, Hardee’s, Taco Bell, and more. This is a great opportunity to purchase an absolute-NNN-leased Burger King in Kentucky with a well-established franchisee, no landlord responsibilities, and strong rent increases, providing effortless income for years to come.

FOR SALE DETAILS

PRICE

$1,990,000 USD

PRICE/SF

$518 USD /SF

CAP RATE

5.91%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

15+ Yr. NNN Lease- Strong Operator (100+)

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Convenience Store, Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2014

SPRINKLERS

-

PARKING SPACES

43

LAND DETAILS

LAND ACRES

1.15 AC

LAND SF

50,094 SF

ZONING

B-1

APN/PARCEL ID

046-00-00-029.21

ASK ABOUT THIS PROPERTY

Eric CarltonColliersMore Info
949-903-3399

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Eric CarltonColliersMore Info
949-903-3399

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