Property Details

Burger King

Louisville, KY
Property ID: 12728

Financial Summary

Asking Price $1,272,727
Cap Rate 5.50%
Net Operating Income (NOI) $70,000
Lease Type NNN
Lease Term Remaining 15 Years
Increases 10% Every 5 Years
The Offering Memorandum for this property is no longer available.

Contact

Jonathan W. Hipp
Capital Markets Head of U.S. Net Lease Group
202.644.8700
Richard Murphy, CCIM
Senior Vice President U.S. Capital Markets Net Lease Group
703.288.2700

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Highlights

  • New 15-year NNN lease with Carrols Corp, the world’s largest Burger King franchisee
  • Carrols Corp guarantee (1000+ stores and $1.2Bil in annual revenue)
  • Absolute NNN, no landlord responsibilities
  • 10% rent increases every five years
  • Located in a retail corridor with 32,712 VPD passing the site and strong 3-mile population of over 90,000

Net Lease Advisor

For more information on this tenant, including averages, overview and credit ratings, visit NetLeaseAdvisor.com.

Location

4620 S. Hurstborne Parkway
Louisville, KY

Amanda WillisBurger King