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Burger King - Buckhannon, WV 293 N Locust St 3,969 SF Retail Building Buckhannon, WV 26201 $2,800,000 ($705.47/SF) 6% Cap Rate
INVESTMENT HIGHLIGHTS
- ~19 Years Remaining on a new Absolute Triple Net (NNN) Lease with 7.5% increases every 5 years; zero landlord responsibilities.
- The lease is backed by GPS Hospitality, the nation’s 3rd largest Burger King franchisee, boasting 400+ Burger King locations, 60+ Pizza Huts
- Asset is positioned just off Highway 33/119 along Clarksburg Road, Buckhannon’s primary north-south thoroughfare
- Restructured in July 2024, with the tenant extending early, demonstrating a strong commitment to the property.
- Exceptional unit-level performance with the sales of this location is 40% above the national Burger King average.
- The site is surrounded by Buckhannon’s most notable national tenants, including Lowe's, Walmart, Walgreens, CVS, AutoZone, Harbor Freight Tools
EXECUTIVE SUMMARY
Sands Investment Group is pleased to exclusively offer for sale the GPS Hospitality-operated Burger King located at 3 Clarksburg Rd, Buckhannon, WV. The asset features an Absolute Triple Net (NNN) Lease with (±) 19 years on the current term and 7.5% increases every 5 years. The operator guarantee on the lease is from one of the country's largest Burger King Franchises, GPS Hospitality, offering investors reliable income growth from a leading multi-brand operator.
Sands Investment Group is Pleased to Present For Sale the CVS Pharmacy NN Lease Located in Apalachicola, Florida. View Details!
Sands Investment Group is Pleased to Present For Sale the CVS Pharmacy NN Lease Located in Apalachicola, Florida. View Details!
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
3,969 SF
Building Class
B
Year Built/Renovated
1997/2007
Price
$2,800,000
Price Per SF
$705.47
Cap Rate
6%
NOI
$168,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
1.01 AC
Zoning
C-2
Parking
65 Spaces (10 Spaces per 1,000 SF Leased)
AMENITIES
- Restaurant
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- GPS Hospitality, LLC
- Accommodation and Food Services
- 3,969 SF
- -
- Jun 2044
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| GPS Hospitality, LLC | Accommodation and Food Services | 3,969 SF | - | Jun 2044 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 03-1-01340000 | Improvements Assessment | $274,320 |
| Land Assessment | $93,660 | Total Assessment | $367,980 |
PROPERTY TAXES
Parcel Number
03-1-01340000
Land Assessment
$93,660
Improvements Assessment
$274,320
Total Assessment
$367,980
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Burger King - Buckhannon, WV | 293 N Locust St
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