03/17/2023
JUST LISTED | Rare Low Price Point ($1,950,000) Burger King | Northern California
PURCHASE PRICE: $1,950,000
CURRENT NOI: $129,000
10/1/2023 NOI: $138,030
BUILDING SIZE: ±3,760 Sq. Ft.
LAND AREA: ±0.73 Acres
PROPERTY DETAILS: https://lnkd.in/g-Uq5FiB
Investment Highlights
Absolute NNN Burger King Investment - Zero landlord responsibilities allowing for a passive income stream.
Long Term Lease - Burger King has +/-9 years remaining of lease term with four (4), five (5)-year options.
Recently Improved Unit - Tenant recently renovated the structure showing commitment to the location and ability to grow the business.
Hard-Corner Location - Easy ingress/egress at a signalized intersection on the main retail corridor in McKinleyville.
Strong Intrinsic Value - Approximately 3,760 sq. ft. drive-thru structure on 0.73 acre of land allowing for an array of uses and repositioning potential.
Lack of Competition – This is the only Burger King location within a 10-mile radius. Furthermore, the supply of drive-thru properties in the region is limited.