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Burger King | University Location | 12.5 Yrs 504 N Main St 3,442 SF Retail Building Tuskegee, AL 36083 $2,196,426 CAD ($638.13 CAD/SF) 7% Cap Rate
Investment Highlights
- Franchisee Guaranteed Lease (40+ Units) | Scheduled Rental Increases | Healthy Rent-to-Sales
- Tuskegee University (2,800+ Students) | VA Medical Center - Tuskegee
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area
Executive Summary
• Bulldogs Restaurants, LLC (40+ units) guaranteed lease | Bulldog Restaurants, LLC is a subsidiary of of Starboard Investments, which is an operator of 50+ Jimmy Johns and 40+ Burger Kings | Speak with Agent for details
• 12.5 years of initial term remaining
• Healthy rent-to-sales ratio at sub-8.50% in 2025 | Speak with Agent for details
• The lease features 5% rental increases every 5 years throughout the initial term
• 12.5 years of initial term remaining
• Healthy rent-to-sales ratio at sub-8.50% in 2025 | Speak with Agent for details
• The lease features 5% rental increases every 5 years throughout the initial term
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
3,442 SF
Building Class
C
Year Built/Renovated
1979/2013
Price
$2,196,426 CAD
Price Per SF
$638.13 CAD
Cap Rate
7%
NOI
$153,758 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.91 AC
Zoning
583 - Restaurant, Fast Food
Parking
48 Spaces (14.25 Spaces per 1,000 SF Leased)
Frontage
200’ on North Main Street
Amenities
- Pylon Sign
- Restaurant
- Signage
- 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
-
$9.99
-
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 | $9.99 | Lorem Ipsum | Jan 0000 |
Somewhat walkable
30/100
Very drivable
80/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 07-09-30-3-002-015-0020 | Improvements Assessment | $157,090 CAD |
| Land Assessment | $21,659 CAD | Total Assessment | $178,748 CAD |
Property Taxes
Parcel Number
07-09-30-3-002-015-0020
Land Assessment
$21,659 CAD
Improvements Assessment
$157,090 CAD
Total Assessment
$178,748 CAD
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Burger King | University Location | 12.5 Yrs | 504 N Main St
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