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Burger King | University Location | 13.5 Yrs 504 N Main St 3,442 SF Retail Building Tuskegee, AL 36083 $1,590,000 ($461.94/SF) 6.75% Cap Rate
Investment Highlights
- Franchisee Guaranteed Lease (40+ Units) | Scheduled Rental Increases | Healthy Rent-to-Sales
- Tuskegee University (2,800+ Students) | VA Medical Center - Tuskegee
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area
Executive Summary
• Bulldogs Restaurants, LLC (40+ units) guaranteed lease | Bulldog Restaurants, LLC is a subsidiary of of Starboard Investments, which is an operator of 50+ Jimmy Johns and 40+ Burger Kings | Speak with Agent for details
• 12.5 years of initial term remaining
• Healthy rent-to-sales ratio at sub-8% in 2025 | Speak with Agent for details
• The lease features 10% rental increases every 5 years throughout the initial term
• 12.5 years of initial term remaining
• Healthy rent-to-sales ratio at sub-8% in 2025 | Speak with Agent for details
• The lease features 10% rental increases every 5 years throughout the initial term
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
3,442 SF
Building Class
C
Year Built
1979
Price
$1,590,000
Price Per SF
$461.94
Cap Rate
6.75%
NOI
$107,315
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.91 AC
Zoning
583 - Restaurant, Fast Food
Parking
48 Spaces (14.25 Spaces per 1,000 SF Leased)
Frontage
200’ on North Main Street
Amenities
- Pylon Sign
- Restaurant
- Signage
- Drive Thru
Nearby Major Retailers
Property Taxes
| Parcel Number | 07-09-30-3-002-015-0020 | Improvements Assessment | $115,148 |
| Land Assessment | $15,876 | Total Assessment | $131,024 |
Property Taxes
Parcel Number
07-09-30-3-002-015-0020
Land Assessment
$15,876
Improvements Assessment
$115,148
Total Assessment
$131,024
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Burger King | University Location | 13.5 Yrs | 504 N Main St
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