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Burger King 1992 Spring House Ln 2,928 SF Retail Building Richmond, KY 40475 $3,618,226 CAD ($1,235.73 CAD/SF) 6.25% Cap Rate
Executive Summary
Marcus & Millichap is pleased to present a newly constructed 2025 Burger King located in Richmond, Kentucky. The property is secured by a new 20-year NNN lease featuring 7.5% rent increases every five years and four additional five-year renewal options. The asset is operated by a growing regional franchisee with a portfolio of nearly 500 locations nationwide. They were awarded the 2025 Burger King Franchisee of the Year. Positioned along Eastern Bypass which sees over 22,000 vehicles per day and is surrounded by several major auto dealerships including Hyundai, Ford, Honda, Toyota, Nissan, and others.
Property Facts Under Contract
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,928 SF
Building Class
C
Year Built
2025
Price
$3,618,226 CAD
Price Per SF
$1,235.73 CAD
Cap Rate
6.25%
NOI
$226,139 CAD
Tenancy
Single
Building Height
1 Story
Amenities
- Restaurant
- Tenant Controlled HVAC
- Drive Thru
- Air Conditioning
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 0068-0000-0013-02 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $911,409 CAD |
Property Taxes
Parcel Number
0068-0000-0013-02
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$911,409 CAD
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Burger King | 1992 Spring House Ln
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