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763 Allegheny Blvd
Franklin, PA 16323
Burger King · Retail Property For Sale

PROPERTY FACTS
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.
LINKS
PROPERTY TAXES
Parcel Number | 28-014-032R-000 | Improvements Assessment | $432,600 |
Land Assessment | $11,550 | Total Assessment | $444,150 |
PROPERTY TAXES
Listing ID: 10959197
Date on Market: 12/14/2017
Last Updated:
Address: 763 Allegheny Blvd, Franklin, PA 16323
The Retail Property at 763 Allegheny Blvd, Franklin, PA 16323 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.
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