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763 Allegheny Blvd
Franklin, PA 16323

Burger King · Retail Property For Sale

PROPERTY FACTS

Property Type
Retail
Property Subtype
Fast Food
Building Size
2,860 SF
Building Class
C
Year Built
1986
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.84 AC

ABOUT 763 ALLEGHENY BLVD , FRANKLIN, PA 16323

CBRE is pleased to exclusively present for sale this Burger King property located on Allegheny Blvd in Franklin, Pennsylvania. This initial 20 year lease has over 3 years remaining with no landlord responsibilities or expenses. Burger King has been operating at this location for over 30 years proving the strength and performance of this store. Burger's sales have grown roughly 5% year-over-year for the past 3 years and were $1.17M in 2016. This equates to a healthy rent o sales ratio of 7.8%, which is below the national average for Burger King. The tenant is also paying percentage rent on an annual basis due to the solid performance of the store, which has been averaged over a three year period for the purposes of this offering. This build-to-suit structure offers depreciation whereas most newer fast food properties are ground leases with no tax shelter.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
28-014-032R-000
Land Assessment
$11,550
Improvements Assessment
$432,600
Total Assessment
$444,150
  • Listing ID: 10959197

  • Date on Market: 12/14/2017

  • Last Updated:

  • Address: 763 Allegheny Blvd, Franklin, PA 16323

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