1113 E West Maple Rd
Walled Lake, MI 48390
Retail Property For Sale

New Burger King | 20-Yr Abs NNN | $102K 5-mi AAHI SRS National Net Lease Group is pleased to present the rare opportunity to acquire an absolute NNN leased, single tenant, fee simple, Burger King with drive thru investment property located in Walled Lake, MI. Burger King, recently executed a brand new 20-year lease with 8% increases every 5 years throughout the initial term. The lease is franchisee guaranteed (King of Michigan, LLC; 28 Unit Operator), and is absolute NNN with zero landlord responsibilities, which makes it ideal for an out of state, passive investor. The tenant, King of Michigan LLC, is also investing $450,000 into a state of the art remodel that will occur by the end of 2017. This Burger King is located near the signalized, hard corner intersection of E Maple Road and N Pontiac Trail (combined 35,800 VPD). The property is located across the street from Maple Plaza Shopping Center with a tenant lineup that includes Dollar General, Harbor Freight Tools, Save-A-Lot and more. The property benefits from its location within the trade area, as the surrounding tenants help increase consumer draw. The 5-mile trade area is supported by a dense population of 135,000 with an affluent household income of $102,000. The site is also supported by a workforce of over 94,000 in a 5-mile radius.