3049 Dixie Hwy - Fast Food FOR SALE


Edgewood, KY 41018
$2,018,000 USD
949-603-0365
3049 Dixie Hwy, Edgewood, KY for Sale
$2,018,000 USD
Fast Food - FOR SALE
1/19
null | 5.65% Cap Rate

3049 Dixie Hwy
Edgewood, KY 41018


OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN, freestanding, drive-thru-equipped Burger King investment property located in Edgewood, KY. The tenant, Carrols Restaurant Group, Inc, has over 11 years of term remaining, with an additional four (4) 5-year option periods to extend. The lease features 10% rental increases every 5 years throughout the initial term and renewal options, growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities, making it an ideal, management-free investment opportunity for a passive investor. Founded in 1954, Burger King is among the leading global QSR hamburger chains, with over 30,000 restaurants in 120+ countries.

FOR SALE DETAILS

PRICE

$2,018,000 USD

PRICE/SF

$602 USD /SF

CAP RATE

5.65%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Burger King

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2016

SPRINKLERS

-

PARKING SPACES

32

LAND DETAILS

LAND ACRES

0.79 AC

LAND SF

34,412 SF

ZONING

C1

APN/PARCEL ID

015-30-10-001.00

ASK ABOUT THIS PROPERTY

Hoffman MooreSRS National Net LeaseMore Info
949-603-0365

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Hoffman MooreSRS National Net LeaseMore Info
949-603-0365

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