Burger King | 12yrs Remaining Abs NNN | DrThr 8081 S Howell Ave 1,829 SF Retail Building Oak Creek, WI 53154 $2,041,000 ($1,115.91/SF) 6.50% Cap Rate
INVESTMENT HIGHLIGHTS
- 12 Years Remaining | Scheduled Rental Increases | Strong Operator | Well-Known & Established Brand
- Outparcel to Woodman’s Food Market & Meijer | Strong National/Credit Tenant Presence
- Direct Residential Consumer Base
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Located Along Howell Avenue | Milwaukee MSA | Drive-Thru Equipped | Excellent Visibility
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 Oak Creek, WI (Milwaukee MSA). The tenant, Cave Enterprises Operations, LLC (dba Burger King) has 12 years of firm term remaining with an additional 4 (5-year) option periods left to extend. The lease features 1% annual rental increases throughout the initial term and 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
Building Size
1,829 SF
Building Class
B
Year Built
2017
Price
$2,041,000
Price Per SF
$1,115.91
Cap Rate
6.50%
NOI
$132,665
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
1.24 AC
Zoning
B-4 - General Business District
Parking
38 Spaces (20.78 Spaces per 1,000 SF Leased)
Frontage
141’ on East Susan Drive
AMENITIES
- Dedicated Turn Lane
- Freeway Visibility
- Restaurant
- Signage
- Signalized Intersection
- Drive Thru
- Monument Signage
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Accommodation and Food Services
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
Burger King is known for serving high-quality, great-tasting, and affordable food. Founded in 1954, Burger King is the second largest fast food hamburger chain in the world. The original Home of the Whopper, their commitment to premium ingredients, signature recipes, and family-friendly dining experiences is what has defined their brand for many successful years.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Accommodation and Food Services | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 813-9022-000 | Improvements Assessment | $860,400 |
| Land Assessment | $482,500 | Total Assessment | $1,342,900 |
