1500 Washington St
Pella, IA 50219
Burger King · Land For Sale · 1.30 AC

LONG TERM STABILIZED INVESTMENT • Long-Term Lease – There are ± 19 years remaining on the original 20-year lease with four (4), 5-year options for the tenant to extend • Strong Hedge Against Inflation – There are 7.50% increases in rent every 5 years, allowing properties to keep up with rising market rents • Absolute NNN Lease – Landlord has zero landlord responsibilities, the tenant takes care of insurance, real estate taxes, and maintenance • Latest Prototype – Brand new 2019 construction EXCELLENT LOCATION IN STRONG RETAIL AREA • Strong Retail Corridor – Tenants immediately surrounding the property include Walmart Supercenter, Applebee’s, Arby’s, Super 8, McDonald’s, amongst others • Stop-and-Go Location – Burger King is conveniently located off Hwy 163 which sees over 10,000 cars in average daily traffic • Close Proximity to Pella Golf & Country Club, Pella Aquatic Center, Pella Soccer Complex, Big Rock City Park, and many other leisure and sports parks SEASONED OPERATOR OF AN EXCELLENT BRAND • Growth Focused Operator – The franchisee is a 65+ unit operator with a significant presence in Iowa, Kansas, and Missouri – Franchisee has a track record of growing organically as well as through acquisition • Preferred Burger King Partner – The Franchisee is a ‘strategic partner’ of Burger King Corporation, which allows them to acquire smaller operators within their territories and support from Burger King to go after opportunities in adjacent markets • Extensive Operational Experience – The executive and operating team have decades of successful restaurant experience in a number of brands such as Dunkin Donuts, McDonald’s, Taco Bell, Arby’s, etc. • Iconic Brand – Established in 1954, Burger King has grown to over 15,000 units worldwide