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Burger King

3715 Little York Road, Houston, TX 77093

N/A

4,770 SF | Retail

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Retail Property - Off Market

Price:
N/A
Building Size:
4,770 SF
Property Type:
Retail
Property Sub-type:
Restaurant
Property Use Type:
Net Lease Investment with
10+ years left on lease
Cap Rate:
7.75%
Occupancy:
100%
Tenancy:
Single
Lot Size:
1.23 AC
Listing ID
16327769
Last Updated
over 1 year ago

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.

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

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