Burger King | 43137 US Highway 72
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Burger King 43137 US Highway 72
3,418 SF Retail Building Stevenson, AL 35772 $1,957,284 ($573/SF) 6.25% Cap Rate
Investment Highlights
- Existing 15 Year Lease Term
- Attractive Rental Increases of Five Percent (5%) Every Five (5) Years
- Triple Net (NNN) Lease with Zero Landlord Responsibilities
Executive Summary
NNN Pro Group is pleased to present the exclusive listing for a Burger King located at 43137 US Hwy 72. The site consists of roughly 3,418 rentable square feet of building space on an estimated 1.1-acre parcel of land. This investment opportunity features an existing fifteen (15) year lease term with zero landlord responsibilities and no remaining renewal options. The current rent annual rent is $122,330 and is scheduled to increase by five percent (5%) every five (5) years throughout the base term.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
3,418 SF
Building Class
C
Year Built
2016
Price
$1,957,284
Price Per SF
$573
Cap Rate
6.25%
NOI
$122,330
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.10 AC
Parking
39 Spaces
Frontage
218 FT on U.S. 72
Amenities
- Air Conditioning
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 14-03-08-0-000-143.000 | Improvements Assessment | $0 |
Land Assessment | $0 | Total Assessment | $173,840 |
PROPERTY TAXES
Parcel Number
14-03-08-0-000-143.000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$173,840
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Burger King | 43137 US Highway 72
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