This Retail Property is Off-Market.

3715 Little York Road
Houston, TX 77093 ·

4,770 SF · Retail For Sale

N/A

Print

Burger King

Price N/A Cap Rate 7.75%
Building Size 4,770 SF Occupancy 100%
Property Type Retail Tenancy Single
Property Sub-type Restaurant Lot Size 1.23 AC
Property Use Type Net Lease Investment with 10+ years left on lease
Listing ID: 16327769 Date Created: 07/22/2009 Last Updated: 11/30/2009

Description

Marcus & Millichap is pleased to offer for sale a 4,770 square foot Burger King sitting just off of the intersection of Highway 59 and Little York which sees daily traffic counts of over 200,000 vehicles per day. The property is located in a major retail corridor with nearby tenants which include Home Depot, Walgreens, McDonald's, Ross Dress for Less and many others. The Burger King is being offered at a 7.75 percent cap rate with a new 20 year absolute net lease being signed at close of escrow. This Burger King provides an investor with a stable return and no management responsibilities.

The tenant is a proven franchisee with over 50 locations and an aggressive plan to open more stores. The operator has over 30 years of experience in the Burger King system and currently has sales of almost $60 million. The franchisee has outpaced Burger King's same store sales growth for the last three years further showing the strength of the operator.

The Burger King sits in a retail corridor which provides steady traffic to the site. The property is also positioned in a dense residential area with a population of almost 260,000 which provides a consistent customer base. This property allows an investor to purchase both a stable return as well as a fundamentally strong piece of real estate.

Research

3715 Little York Road, Houston, TX 77093 (Harris County)

Property Record Data - Historical Listings, current tax, mortgage, owners & tenant info for this property

Houston Market Trends - Asking price index trends, sale price trends, asking rent trends

Similar Listings

The LoopNet service and information provided therein, while believed to be accurate, are provided "as is". LoopNet disclaims any and all representations, warranties, or guarantees of any kind.

I am a place holder, please don't judge me!!! (no, I judge you!)