Highlights

• NNN lease with zero landlord responsibilities
• New 20-year lease at Close of Escrow
• Rent increases 1.5% annually

• Strong regional operator of 111 Fast Food Restaurants
• Prime retail fast food location

Description

The subject property is located on East Austin Boulevard in Nevada, Missouri. This Burger King is 3,895 square feet and sits on a 79,487 square foot parcel of land. The property is located just West of the intersection of U.S. State Route 54 and U.S. State Route 71. As a result of this location, traffic counts in the area exceed 15,000 vehicles per day.

This investment is a new 20-Year NNN lease that will be signed at the Closing of Escrow. The property has a cap rate of 8.00%. The rent increases 1.5% annually, and the lease includes four five-year options.

When America was introduced to the signature flavor of the Original WHOPPER® Sandwich in 1957 it was selling for only 37 cents. It was an instant sensation and immediately became Burger King's flagship product. Today, the WHOPPER® is world renowned for its fire-grilled taste and the many ways customers can order it to their liking. Burger King Corporation demonstrated its innovation again in 1975 when it began to offer drive-thru service at its restaurants, appealing to increasingly mobile and time-conscious consumers.
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