1309 E 7th St | Atlantic, IA 50022
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- LoopNet Team
1309 E 7th St
Atlantic, IA 50022
Burger King - Investment NNN · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Corporately Guaranteed Lease with Burger King, which has a Standard and Poor’s Credit rating of B+
- The lease includes 1.5% rental increases during each year of the base term and two, 5-year extension options
- Atlantic, Iowa is located in between Omaha, Nebraska, and Des Moines, Iowa
- Absolute NNN Lease with Zero Landlord Responsibilities
- Burger King is a top fast-food chain in the world and currently operates over 15,000 restaurants across the United States
- Site is well-located in a dense retail corridor, with notable surrounding tenants including Walmart Supercenter, O’Reilly Auto Parts, and more
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
3,736 SF
Building Class
B
Year Built
1986
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
1.01 AC
Zoning
301 RESTAURANT -FAST FOOD - County Use Code 301 - RESTAURANT - FAST FOOD
Parking
57 Spaces (15.26 Spaces per 1,000 SF Leased)
Frontage
191’ on East Seventh Street
AMENITIES
- Freeway Visibility
- Pylon Sign
- Drive Thru
PROPERTY TAXES
| Parcel Number | 303012626001000 | Improvements Assessment | $658,110 |
| Land Assessment | $63,970 | Total Assessment | $722,080 |
PROPERTY TAXES
Parcel Number
303012626001000
Land Assessment
$63,970
Improvements Assessment
$658,110
Total Assessment
$722,080
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