Log In/Sign Up
Your email has been sent.
Burger King 3049 Dixie Hwy 3,353 SF Retail Building Edgewood, KY 41018 $2,018,000 ($601.85/SF) 5.65% Cap Rate
EXECUTIVE SUMMARY
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN, freestanding, drive-thru-equipped Burger King investment property located in Edgewood, KY. The tenant, Carrols Restaurant Group, Inc, has over 11 years of term remaining, with an additional four (4) 5-year option periods to extend. The lease features 10% rental increases every 5 years throughout the initial term and renewal options, growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities, making it an ideal, management-free investment opportunity for a passive investor. Founded in 1954, Burger King is among the leading global QSR hamburger chains, with over 30,000 restaurants in 120+ countries.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,353 SF
Year Built
2016
Price
$2,018,000
Price Per SF
$601.85
Cap Rate
5.65%
NOI
$114,026
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.79 AC
Zoning
C1 - Commercial
Parking
32 Spaces (9.54 Spaces per 1,000 SF Leased)
Frontage
154’ on Dixie Hwy
AMENITIES
- Pylon Sign
- Restaurant
- Drive Thru
NEARBY MAJOR RETAILERS
Fifth Third Bank
PROPERTY TAXES
| Parcel Number | 015-30-10-001.00 | Improvements Assessment | $1,475,000 |
| Land Assessment | $553,000 | Total Assessment | $2,028,000 |
PROPERTY TAXES
Parcel Number
015-30-10-001.00
Land Assessment
$553,000
Improvements Assessment
$1,475,000
Total Assessment
$2,028,000
1 of 20
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Burger King | 3049 Dixie Hwy
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.