Financial Summary
| Asking Price | $2,472,400 |
| Cap Rate | 5.25% |
| Net Operating Income (NOI) | $129,801 |
| Lease Type | NNN |
| Lease Term Remaining | 15 Years |
| Increases | 10% Every 5 Years |
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)
- Remodeled with Burger King’s “20/20 Design”
- Absolute NNN, no landlord responsibilities
- Proven location with strong sales history
- 10% rent increases every five years
- At prominent corner of signalized intersection, immediately across from VIA | Port Rotterdam Mall
Net Lease Advisor
For more information on this tenant, including averages, overview and credit ratings, visit NetLeaseAdvisor.com.
Location
90 W Campbell Road
Rotterdam, NY
