8133 Southern Blvd - Fast Food FOR SALE
West Palm Beach, FL 33411- Outer Royal Palm Beach/Wellington |
$3,972,602 USD
248-702-0288
8133 Southern Blvd
West Palm Beach, FL 33411
Outer Royal Palm Beach/Wellington
HIGHLIGHTS
- Corporate Burger King lease backed by Burger King Company LLC with a franchisee operator, providing an enhanced credit profile and additional security
- Absolute NNN lease structure with zero landlord responsibilities, including roof, structure, and all operating expenses.
- 16+ years of term remaining, offering a long-term, passive income stream with lease expiration in June 2042.
- Scheduled rental increases of 10% every five years, providing built-in income growth and a hedge against inflation.
- High-quality 2022 construction built to modern Burger King prototype standards, minimizing near-term capital expenditures.
- Strong positioning along Southern Boulevard, a primary east-west corridor with high traffic counts and excellent accessibility.
FOR SALE DETAILS
PRICE
$3,972,602 USD
PRICE/SF
$1,427 USD /SF
CAP RATE
3.6%
% 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
2022
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.57 AC
LAND SF
24,886 SF
ZONING
MUPD
APN/PARCEL ID
00-42-43-32-20-001-0010
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248-702-0288
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248-702-0288
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