293 N Locust St - Fast Food FOR SALE


Buckhannon, WV 26201
$2,800,000 USD
610-550-8884
293 N Locust St, Buckhannon, WV for Sale
$2,800,000 USD
Fast Food - FOR SALE
1/5
null | 6% Cap Rate

293 N Locust St
Buckhannon, WV 26201


HIGHLIGHTS

  • ~19 Years Remaining on a new Absolute Triple Net (NNN) Lease with 7.5% increases every 5 years; zero landlord responsibilities.
  • Restructured in July 2024, with the tenant extending early, demonstrating a strong commitment to the property.
  • The lease is backed by GPS Hospitality, the nation’s 3rd largest Burger King franchisee, boasting 400+ Burger King locations, 60+ Pizza Huts
  • Exceptional unit-level performance with the sales of this location is 40% above the national Burger King average.
  • Asset is positioned just off Highway 33/119 along Clarksburg Road, Buckhannon’s primary north-south thoroughfare
  • The site is surrounded by Buckhannon’s most notable national tenants, including Lowe's, Walmart, Walgreens, CVS, AutoZone, Harbor Freight Tools

OVERVIEW

Sands Investment Group is pleased to exclusively offer for sale the GPS Hospitality-operated Burger King located at 3 Clarksburg Rd, Buckhannon, WV. The asset features an Absolute Triple Net (NNN) Lease with (±) 19 years on the current term and 7.5% increases every 5 years. The operator guarantee on the lease is from one of the country's largest Burger King Franchises, GPS Hospitality, offering investors reliable income growth from a leading multi-brand operator. Sands Investment Group is Pleased to Present For Sale the CVS Pharmacy NN Lease Located in Apalachicola, Florida. View Details!

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 - Buckhannon, WV

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1997

SPRINKLERS

-

PARKING SPACES

65

LAND DETAILS

LAND ACRES

1.01 AC

LAND SF

43,996 SF

ZONING

C-2

APN/PARCEL ID

03-1-01340000

ASK ABOUT THIS PROPERTY

Thomas GormanSands Investment GroupMore Info
610-550-8884

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Thomas GormanSands Investment GroupMore Info
610-550-8884

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