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Burger King 2723 Beck Dr 3,786 SF Retail Building Waterford, WI 53185 $1,646,234 CAD ($434.82 CAD/SF) 6.50% Cap Rate
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
$1,646,234 CAD
Price Per SF
$434.82 CAD
Cap Rate
6.50%
NOI
$107,031 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
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 | 176-031901021000 | Improvements Assessment | $1,264,788 CAD |
| Land Assessment | $203,826 CAD | Total Assessment | $1,468,614 CAD |
PROPERTY TAXES
Parcel Number
176-031901021000
Land Assessment
$203,826 CAD
Improvements Assessment
$1,264,788 CAD
Total Assessment
$1,468,614 CAD
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Burger King | 2723 Beck Dr
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