The Schween Group at Compass is proud to present this Absolute NNN investment opportunity for Burger King #7410 in Petaluma, California (part of the San Francisco Bay Area). The original building was completed in 1992 and in 2019 was updated to current Burger King concept and included the water main and fire sprinkler upgrades. Very important to note, that the City of Petaluma has a new ordinance that DOES NOT allow restaurants, even QSR's, to build new with a DRIVE-thru - so this is a one of a kind situation in this city of nearly 50,000 people. This Burger King is the only unit in operation in the entire city and with its ideal location to both business parks and nearby residential subdivisions not to mention HWY 101 (the corridor from San Francisco to Northern California). The existing Franchisee - Ghai Management Services - is heralded as a 2-time Burger King Global Franchisee of the year in both 2019 and 2023 and operates another 36+ Taco Bells, 18+ Popeyes, 7 Blaze Pizza's and 10 Gas Stations. The franchise agreement was extended with Burger King in 2018 (these are 20-year agreements, so franchisees have to renew or exit at that time and if exiting the unit prior to the franchise maturity date then there is typically a required payout the franchisee pays to Burger King to do so). The next rent adjustment is June 11, 2028 and the NNN rent for that successive 5-year period is $147,121.68, then in 2033-2038 annual NET jumps to $161,833.85 then in 2038-2043 rises to $178,017.24 then in 2043-2048 rents will be at $195,816.25. Inquire about the temporary rent vs normalized rents schedule with agent