350 Marine Dr | Astoria, OR 97103
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- LoopNet Team
350 Marine Dr
Astoria, OR 97103
Burger King · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Absolute NNN lease provides zero management responsibility.
- Strong performing annual sales volume reported year over year.
- Successful franchisee with 64 Burger Kings under management and more than 130 QSR restaurants in total.
- 17-Years remaining on the primary term with 4, 5-year options to extend.
- Scheduled rent increases of 8% every 5-years, including each option term. With the next scheduled rent increase set to occur on 12/1/2022.
- Drive-thru equipped restaurant completed full remodel in 2018.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,473 SF
Building Class
B
Year Built/Renovated
1988/2018
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
0.90 AC
Zoning
C
Parking
47 Spaces (10 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 21815 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,206,381 |
PROPERTY TAXES
Parcel Number
21815
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,206,381
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