Newly Rebuilt Five Guys Burgers | 15-Yr NNN | 1125 Haines Rd
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Newly Rebuilt Five Guys Burgers | 15-Yr NNN 1125 Haines Rd
2,300 SF Retail Building York, PA 17402 $1,896,000 ($824/SF) 5.75% Cap Rate
Investment Highlights
- Corporately guaranteed lease
- Tenant commitment to location | The tenant has been operating at the location since 2012 and paid to rebuild the building in 2023 which boosted sales
- Site is directly in front of Gabriel Brothers Plaza which is anchored by Gabe’s and Planet Fitness
- New, 15-year, absolute NNN lease with 10% rent increases every 5 years throughout the initial term and options
- Directly off an I-83 off-ramp | I-83 sees ±65,710 VPD
- Five Guys is a privately held company with nearly 1,900 worldwide locations (1,500+ in U.S.) and ±$2.63B in annual revenue (2023)
Executive Summary
PROPERTY HIGHLIGHTS
• Corporately guaranteed lease
• New, 15-year, absolute NNN lease with 10% rent increases every 5 years throughout the initial term and options
• Tenant long-term commitment to location | The tenant has been operating at the location since 2012 and decided pay to rebuild the building in 2023 to improve sales
• Located just off the signalized intersection of Mt Rose Ave (aka State Route 124) & Camp Betty Washington Rd which sees a combined ±55,090 VPD
• Directly off an I-83 off-ramp | I-83 sees ±65,710 VPD
• Site is directly in front of Gabriel Brothers Plaza which is anchored by Gabe’s and Planet Fitness
• Across the street from Haines Acres shopping center | Anchored by Ollie’s Bargain Outlet
• Walking distance to York Suburban High School | 873 students
• About two miles from:
• York Galleria | 765,000 SF shopping mall anchored by Boscov’s, Hollywood Casino, and Marshalls
• Galleria West | Target and Kohl’s-anchored shopping center
• York Marketplace | Lowe’s & GIANT-anchored shopping center
• York Mall | Walmart Supercenter & Sam’s Club-anchored shopping center
• South York Plaza | Giant-anchored shopping center
• York County School of Technology | 1,620 students
• WellSpan York Hospital
• York Catholic Middle & High School | 578 students
• Dense area | There are 103,850+ residents within a 10-minute drive
FIVE GUYS HIGHLIGHTS
• Five Guys is a privately held company with nearly 1,900 worldwide locations (1,500+ in U.S.) and ±$2.63B in annual revenue (2023) | The company currently has 1,300+ additional units in some phase of development
• Ranked #27 on the QSR Top 50 and #9 by systemwide sales in the “Burger Segment”
• Held an AUV of $1.81MM in 2023, according to QSR Magazine
• Ranked #37 on Franchise Times Top 400 list
• Corporately guaranteed lease
• New, 15-year, absolute NNN lease with 10% rent increases every 5 years throughout the initial term and options
• Tenant long-term commitment to location | The tenant has been operating at the location since 2012 and decided pay to rebuild the building in 2023 to improve sales
• Located just off the signalized intersection of Mt Rose Ave (aka State Route 124) & Camp Betty Washington Rd which sees a combined ±55,090 VPD
• Directly off an I-83 off-ramp | I-83 sees ±65,710 VPD
• Site is directly in front of Gabriel Brothers Plaza which is anchored by Gabe’s and Planet Fitness
• Across the street from Haines Acres shopping center | Anchored by Ollie’s Bargain Outlet
• Walking distance to York Suburban High School | 873 students
• About two miles from:
• York Galleria | 765,000 SF shopping mall anchored by Boscov’s, Hollywood Casino, and Marshalls
• Galleria West | Target and Kohl’s-anchored shopping center
• York Marketplace | Lowe’s & GIANT-anchored shopping center
• York Mall | Walmart Supercenter & Sam’s Club-anchored shopping center
• South York Plaza | Giant-anchored shopping center
• York County School of Technology | 1,620 students
• WellSpan York Hospital
• York Catholic Middle & High School | 578 students
• Dense area | There are 103,850+ residents within a 10-minute drive
FIVE GUYS HIGHLIGHTS
• Five Guys is a privately held company with nearly 1,900 worldwide locations (1,500+ in U.S.) and ±$2.63B in annual revenue (2023) | The company currently has 1,300+ additional units in some phase of development
• Ranked #27 on the QSR Top 50 and #9 by systemwide sales in the “Burger Segment”
• Held an AUV of $1.81MM in 2023, according to QSR Magazine
• Ranked #37 on Franchise Times Top 400 list
Property Facts
Sale Type
Investment NNN
Sale Condition
Build to Suit
Property Type
Retail
Property Subtype
Building Size
2,300 SF
Building Class
B
Year Built
2023
Price
$1,896,000
Price Per SF
$824
Cap Rate
5.75%
NOI
$109,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Land Acres
0.60 AC
Zoning
M-U
Parking
33 Spaces (14.35 Spaces per 1,000 SF Leased)
Frontage
167 FT on Haines Rd
PROPERTY TAXES
| Parcel Number | 46-000-II-0064.A0-00000 | Improvements Assessment | $414,260 |
| Land Assessment | $195,170 | Total Assessment | $609,430 |
PROPERTY TAXES
Parcel Number
46-000-II-0064.A0-00000
Land Assessment
$195,170
Improvements Assessment
$414,260
Total Assessment
$609,430
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Gary Chou -
Matt Coates -
Calvin Short -
Aron Cline -
Berkeley Capital Advisors
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Newly Rebuilt Five Guys Burgers | 15-Yr NNN | 1125 Haines Rd
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