Highlights

• 2009 Remodel taking place in the next 45 day - Upside in Percentage Rent - Contact Broker
• Flight to Quality - Fee Simple Burger King Corporately Guaranteed Lease (BKC)
• Original 15 Year Term Commenced 08/09/2005

• 10% Rental Increases Every Five Years - Next 10% Increase is Next Year - 2010
• Percentage Rent Clause of 7.5% of Sales During Original Term and Options - Store Sales Available
• Approximately 2,736 SF Building Located on a 0.37 Acre Parcel of Land

Description

We are pleased to present this opportunity to purchase a freestanding corporately guaranteed Burger King Restaurant and Building in Nashville, Tennessee. A remodel is scheduled for completion by 12/2009 - upside in rents because of percentage rent structure - please contact broker for analysis.

This NNN investment is located at 7116 Highway 70 South in Nashville in an area known as the Bellevue area. The subject property is a approximately 2,736 square foot, single tenant restaurant building situated on approximately 0.37 acre parcel of land. The property boasts frontage on heavily traveled Highway 70 South as sits as an out-parcel to a Bellevue Plaza strip mall anchored by a TJ Maxx and CVS. Additional tenants within strip mall are a full service car wash, Pennzoil Lube Center and McDonald' s. Additionally Merle Norman Cosmetic Studio, Dollar General, Papa John' s, Domino' s, Blockbuster, KFC, Mrs. Winner' s Chicken & Biscuits, Jiffy Lube and Captain D' s Seafood.

Bellevue is an unincorporated area and known as one of the most desirable communities in the western part of Nashville, Tennessee situated along Interstate 40. I-40 is a federal highway running east/west from coast to coast. The interstate runs from Memphis to Knoxville to Nashville. Bellevue is strategically located within a 10 minute drive from Downtown Nashville and serves as a bedroom community for Tennessee residents and commuters alike.

This Burger King is located approximately one mile from the Bellevue Mall, which is currently being redeveloped into an upscale shopping, dining and entertainment open-air design shopping center; once fully developed the open-air mall will host a combination of national, regional, local merchants and eateries. In addition, the Bellevue Public Library will take the first floor of the former Dillard' s which will be converted to a 32,000 square foot residential/retail mixed-use facility.