Historical Retail Sale Listing - Burger King

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Burger King

4691 US Highway 90 East, Marianna, FL 32446

N/A

2,654 SF | Retail

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Typical Building Design

Retail Property - Off Market

Price:
N/A
Building Size:
2,654 SF
Property Type:
Retail
Property Sub-type:
Free Standing Bldg
Additional Sub-types:
Restaurant
Retail (Other)
Property Use Type:
Investment
Commission Split:
1.5%
Cap Rate:
6.65%
Occupancy:
100%
Tenancy:
Single
Year Built:
1990
Lot Size:
63,162 SF
Listing ID
14815990
Last Updated
over 1 year ago

Highlights

  • Brand New 20 Year Lease
  • High Credit Franchisee
  • Tremendous Commercial Area
  • Absolute NNN Lease

Description

Goldco, Inc. was established in 1980 in Dothan, Alabama. Since the opening of its first Burger King Restaurant in 1980, Goldco has grown to 55 restaurants, located in Alabama, Florida and Georgia. There are currently over 1,500 employees in the Goldco organization. Goldco, Inc., the lease guarantor, has over 25 years experience with the Burger King concept and has a proven track record of excellent store sales coupled with long term operational standards that have resulted in Goldco becoming one of the largest franchisees in the country. The leadership team at Goldco averages 25+ years in the Burger King Restaurant business. Many of the employees have been with Goldco for 20 years.

Each location within Goldco's portfolio is well placed within major commercial areas. The franchisee, Goldco, Inc., began as a real estate developer and understands the importance of choosing high profile locations for these traffic-focused areas.

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Created 9/28/2006