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2723 Beck Dr
Waterford, WI 53185
Burger King · Retail Property For Sale
Investment Highlights
- Long-Term Lease with Zero Landlord Responsibilities: The property is backed by an Absolute NNN lease with 10+ years of remaining term
- Established Long-Term Operating History: The property has operated continuously as a Burger King for nearly 40 years
- Built-In Annual Rent Increases: The lease features 1% annual rental increases, offering consistent income and a hedge against inflation
- Strong Rent-to-Sales Ratio: The property boasts an excellent rent-to-sales ratio of 7.34%
- Low Occupancy Cost: Tenant is paying $77,369 in annual rent which is among the lowest rent in country for Burger King
- Franchisee Guarantee by Cave Enterprises: Cave Enterprises, is the largest single owner Burger King franchisee in North America
Executive Summary
Bang Realty is pleased to present the exclusive listing for a Burger King located at 2723 Beck Drive, Waterford, Wisconsin 53185. The site consists of roughly 3,786 rentable square feet of building space on an estimated 0.89-acre corner parcel of land. This Burger King is subject to a 20-year Triple Net (NNN) lease, with two 10-year options, which commenced 5/11/2015. The current annual rent is $77,369 and has scheduled increases of 1.00% annually.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
3,786 SF
Building Class
C
Year Built/Renovated
1988/2016
Price
$1,627,004 CAD
Price Per SF
$429.74 CAD
Cap Rate
6.50%
NOI
$105,781 CAD
Tenancy
Single
Building Height
1 Story
Slab To Slab
9’
Building FAR
0.10
Lot Size
0.88 AC
Frontage
Amenities
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
Property Taxes
| Parcel Number | 176-031901021000 | Improvements Assessment | $1,231,874 CAD |
| Land Assessment | $198,522 CAD | Total Assessment | $1,430,396 CAD |
Property Taxes
Parcel Number
176-031901021000
Land Assessment
$198,522 CAD
Improvements Assessment
$1,231,874 CAD
Total Assessment
$1,430,396 CAD
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