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1303 E Hackberry St
Salem, IN 47167
Burger King Sale-Leaseback · Retail Property For Sale
PROPERTY FACTS
ABOUT 1303 E HACKBERRY ST , SALEM, IN 47167
Marcus & Millichap is pleased to present the exclusive listing for the Burger King located at 1601 East Hackberry Street, Salem, Indiana. This location was newly constructed in 2016. The property is 2,940 rentable square feet and is situated on a 1.14 acre lot. This Burger King is subject to a 20-year triple-net (NNN), sale-leaseback with Cambridge Franchise Group ( CFG ), a 115-Unit Burger King operator. The lease will commence upon close of escrow and the base annual rent will be $180,540. The lease calls for 7.50% rental increases every five years during the base term and continuing through the four, five-year tenant renewal options. This Burger King property is located at 1601 East Hackberry Street in Salem, Indiana. Salem is a city in Washington County and serves as the county seat. The city is just 35 miles north of Louisville, Kentucky and less than 100 miles south of Indianapolis, Indiana.
PROPERTY TAXES
| Parcel Number | 88-24-16-000-001.016-022 | Improvements Assessment | $348,400 |
| Land Assessment | $151,000 | Total Assessment | $499,400 |
PROPERTY TAXES
