Log In/Sign Up
Your email has been sent.
Burger King | 7yr Abs NNN Grd Lse 20133 Cortez Blvd 3,403 SF Retail Building Brooksville, FL 34601 $2,261,390 CAD ($664.53 CAD/SF) 5.25% Cap Rate
INVESTMENT HIGHLIGHTS
- ±7 Years Remaining | 5th Largest Burger King Operator
- Quality Dining, Inc. | Experienced National QSR Operator
- Strategically Positioned | Cortez Boulevard (32,500 VPD) | Excellent Visibility & Dual Drive-thru
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Surrounded by Major National Retailers
- Strong Demographics In 5-Mile Trade Area
EXECUTIVE SUMMARY
SRS National Net Lease is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in an Absolute NNN, freestanding, drive-thru equipped Burger King investment property located in Brooksville, FL. The tenant, Bravotampa LLC (140+ Units), subsidiary of Quality Dining, Inc. (QDI), has approximately 7 years of term remaining, with an additional five (5) 5-year option periods to extend. The lease features a 10% rental increase in year 11 of the initial term and at the beginning of each option period, growing NOI and hedging against inflation. The lease is Absolute NNN with zero landlord responsibilities, making it an ideal, management-free investment opportunity for a passive investor. Founded in 1954, Burger King is among the leading global QSR hamburger chains, with over 30,000 restaurants in 120+ countries.
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Building Size
3,403 SF
Building Class
B
Year Built
2017
Price
$2,261,390 CAD
Price Per SF
$664.53 CAD
Cap Rate
5.25%
NOI
$118,653 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.40 AC
Zoning
Commercial
Parking
34 Spaces (9.99 Spaces per 1,000 SF Leased)
AMENITIES
- Dedicated Turn Lane
- Restaurant
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Accommodation and Food Services
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
Burger King is known for serving high-quality, great-tasting, and affordable food. Founded in 1954, Burger King is the second largest fast food hamburger chain in the world. The original Home of the Whopper, their commitment to premium ingredients, signature recipes, and family-friendly dining experiences is what has defined their brand for many successful years.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Accommodation and Food Services | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | R28-222-19-1295-0000-0020 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $1,148,884 CAD |
PROPERTY TAXES
Parcel Number
R28-222-19-1295-0000-0020
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,148,884 CAD
1 of 12
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Burger King | 7yr Abs NNN Grd Lse | 20133 Cortez Blvd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.