875 E Us Highway 60 - Fast Food FOR SALE


Monett, MO 65708
$1,595,000 USD
775-348-5220
875 E Us Highway 60, Monett, MO for Sale
$1,595,000 USD
Fast Food - FOR SALE
1/4
null | 7.25% Cap Rate

875 E Us Highway 60
Monett, MO 65708


HIGHLIGHTS

  • Absolute NNN Lease, No Landlord Responsibilities
  • 1.5% Annual Rent Increases
  • 11,000+ Population, 3 Mile Radius
  • Out-Parcel to Walmart, adjacent Murphy Gas 10

OVERVIEW

Marcus & Millichap is pleased to present an Absolute Net Leased Burger King with 1.5% annual rent increases. The base lease term has 3 years remaining and there are four options period for the tenant to extend the term for five years each. The Burger King is well located at a hard corner location situated along East U.S. Highway 60, and is an outparcel to a Walmart Supercenter. The reported traffic count at the property exceeds 11,000 vehicles per day. The building is 3,619 square feet, positioned on a 1.03-acre parcel. Other nearby tenants include Lowe's, Dollar Tree, Murphy Gas, Domino's, O’Reilly, Arby’s, Taco Bell, Subway and Days Inn. The property also benefits from close proximity to Monett Intermediate School, Monett High School, the Monett Police Department, and multiple churches all within one mile of this Burger King restaurant. Tasty King is the franchisee operator, operating under the parent company Tasty Brands, LP.

FOR SALE DETAILS

PRICE

$1,595,000 USD

PRICE/SF

$441 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Burger King

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.03 AC

LAND SF

44,867 SF

ZONING

-

APN/PARCEL ID

08-3.0-05-000-000-0002.001

ASK ABOUT THIS PROPERTY

Todd BlonsleyMarcus & MillichapMore Info
775-348-5220

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Todd BlonsleyMarcus & MillichapMore Info
775-348-5220

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