2723 Beck Dr - Fast Food FOR SALE


Waterford, WI 53185
$1,290,000 USD
513-300-0763
2723 Beck Dr, Waterford, WI for Sale
$1,290,000 USD
Fast Food - FOR SALE
1/6
null | 6% Cap Rate

2723 Beck Dr
Waterford, WI 53185


HIGHLIGHTS

  • Long-Term Lease with Zero Landlord Responsibilities: The property is backed by an Absolute NNN lease with 10+ years of remaining term, offering invest
  • Outstanding Rent-to-Sales Ratio: The property boasts an excellent rent-to-sales ratio of 7.34%, underscoring the tenant’s healthy operating performanc
  • Established Long-Term Operating History: The property has operated continuously as a Burger King for nearly 40 years, demonstrating exceptional tenant
  • Low Occupancy Cost: Tenant is paying $77,369 in annual rent which is among the lowest rent in country for Burger King and approximately 40% less than
  • Built-In Annual Rent Increases: The lease features 1% annual rental increases, offering consistent income and a hedge against inflation.
  • Franchisee Guarantee by Cave Enterprises: Cave Enterprises, is the largest single owner Burger King franchisee in North America. With a strong regiona

OVERVIEW

Bang Realty is pleased to present a remarkable investment opportunity with a rare combination of features. This property offers a solid 6.00% Cap Rate with annual increases secured by an Absolute NNN lease meaning zero landlord responsibilities, ensuring a hassle-free ownership experience. The lease is guaranteed by the largest single owner Burger King franchisee in North America, adding prestige and stability to this asset. With 10+ years remaining on the lease and rare two 10-year options to renew, investors can secure long-term passive income in a prime location for potentially the next 30 years. Burger King has occupied this site for almost 40 years further solidifying the potential for reliable returns. Don't miss the chance to acquire this exclusive net-lease property, where the tenant's consistent performance in the range of 7% rent to sales ratio underscores the strength of this investment. Take advantage of this rare opportunity to own investment real estate with a nationally recognized brand in an affluent location where average annual household incomes exceed $110,000 across all radii.

FOR SALE DETAILS

PRICE

$1,290,000 USD

PRICE/SF

$341 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Burger King

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1988

SPRINKLERS

-

PARKING SPACES

45

LAND DETAILS

LAND ACRES

0.88 AC

LAND SF

38,333 SF

ZONING

-

APN/PARCEL ID

176-031901021000

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.