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- LoopNet Team
38 Walnut Bottom Rd
Shippensburg, PA 17257
Burger King · Retail Property For Sale
PROPERTY FACTS
AMENITIES
- Restaurant
- Security System
- Signage
- Signalized Intersection
- Drive Thru
- Air Conditioning
- Smoke Detector
ABOUT 38 WALNUT BOTTOM RD , SHIPPENSBURG, PA 17257
Prime Net Lease is pleased to exclusively offer this NNN lease Burger King located at 38-40 Walnut Bottom Road in Shippensburg, PA. The current lease has 12.5 years remaining, with one-6 year option to renew. Very strong store level financials. There are no Base Rent increases for the remainder of the current term, however, due to increasing sore sales, the percentage rent has been increasing at a steady pace. The Rent-to-Sales ratio is set at 7.50%. The tenant recently remodeled the store to the current image standards showing commitment to the site. Burger King is situated on a large 1.32-acre parcel on Walnut Bottom Road with over 12,000 vehicles passing by daily. The subject property is located within the main retail corridor of Shippensburg, drawing many residents to the area. Surrounding tenants include Walmart, Lowe’s, Tractor Supply, CVS, Dollar General, and Advance Auto Parts. Burger King is ideally located in a strong demographic area with over 19,000 people and an average household income over $56,000 in the three-mile ring
PROPERTY TAXES
| Parcel Number | 36-33-1871-013 | Improvements Assessment | $320,000 |
| Land Assessment | $330,000 | Total Assessment | $650,000 |
PROPERTY TAXES
