Property Details

Burger King

Shepherdsville, KY
Property ID: 12740

    Financial Summary

    Asking Price $2,139,800
    Cap Rate 5.25%
    Net Operating Income (NOI) $112,340
    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)
    • 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
    • Adjacent to Interstate 65 with over 90,000 VPD

    Net Lease Advisor

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

    Location

    311 Brenton Way
    Shepherdsville, KY

    Amanda WillisBurger King