530 W Southwest Loop 323
Tyler, TX 75701
NEW 20 YR LEASE BRAND NEW REMODEL BURGER KING · Retail Property For Sale

Marcus & Millichap is pleased to present this Burger King restaurant located at 530 South Southwest Loop 323 in Tyler, Texas 75702. This Burger King is subject to a 20-Year absolute net (NNN) that commenced on September 11th, 2017. The Annual Rent is $102,000 with attractive Ten (10%) Percent increase every Five Years. There are four (5) year renewal options. Built in 1985 and tenant currently undergoing a $500,000 remodel, showing their long-term commitment to the site. The property consists of a 3,606 square feet building and sits on .62 acres of land. This location is one block away from a Super Walmart Center and is surrounded by several national retailers Taco Bell, Family Dollar, Chase Bank, McDonalds, Sonic and Walgreens to name a few. The current tenant is a 20 Unit operator in the Burger King Network for 30+ Years. Performance of the lease will be guaranteed by Broil-R-Corp, a Four-unit entity. Founded in 1954, Burger King Corporation is the world's second largest hamburger chain, currently operating 11,350 restaurants in 57 countries and territories worldwide. Burger King Corporation has huge marketing budget, which is estimated to be $2.2 billion over five years and $500 million annually. Burger King Corporation is an innovative leader in today's competitive and growing quick service restaurant industry. Burger King is known for its distinct brand recognition: "Flame-Broiled Whopper" and "Have it Your Way."