2723 Beck Dr - Fast Food FOR SALE
Waterford, WI 53185 |
$1,238,000 USD
513-300-0763
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
- Outstanding Rent-to-Sales Ratio: The property boasts an excellent rent-to-sales ratio of 7.34%
- Established Long-Term Operating History: The property has operated continuously as a Burger King for nearly 40 years
- Low Occupancy Cost: Tenant is paying $77,369 in annual rent which is among the lowest rent in country for Burger King
- 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
OVERVIEW
Bang Realty is pleased to present the exclusive listing for a Burger King located at 2723 Beck Drive, Waterford, Wisconsin 53185. The site consists of roughly 3,786 rentable square feet of building space on an estimated 0.89-acre corner parcel of land. This Burger King is subject to a 20-year Triple Net (NNN) lease, with two 10-year options, which commenced 5/11/2015. The current annual rent is $77,369 and has scheduled increases of 1.00% annually.
FOR SALE DETAILS
PRICE
$1,238,000 USD
PRICE/SF
$327 USD /SF
CAP RATE
6.25%
% 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
-
LAND DETAILS
LAND ACRES
0.88 AC
LAND SF
38,333 SF
ZONING
-
APN/PARCEL ID
176-031901021000
ASK ABOUT THIS PROPERTY
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513-300-0763
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Please correct the highlighted field(s).
513-300-0763
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