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Burger King Corporate Ground Lease

505 US Hwy 17 92 West, Haines City, FL, 33844
For Sale

Property Highlights

    • 12.5% rent escalations every 5 years
    • Corporate NNN Ground Lease with Burger King Corporation
    • Pad Site to a Publix, Bealls and Dollar General anchored shopping center
    • McDonald’s is on the next block on the same side of US-17 but further from Hwy 27
    • Haines City is 35+/- miles south west of Orlando and 20 +/- miles east of Lakeland, FL
    • Traffic counts are 34,000 on US-17 and 62,000 on US-27
    • Income tax free state

Property Details

  • Price: $2,135,740
  • Property Type: Retail
  • Transaction Type: For Sale
  • Cap Rate: 5.0%
  • Building Size: 2,500 SF
  • Lease Term: 5 years
  • NOI: 106,787
  • Term: 20 Years
  • Lease Commencement Date: 11/23/2009
  • Lease Expiration Date: 11/22/2029
  • Escalations: 12.5% every 5-years
  • Options: 4 (5 Years)
  • Escalations in Options: 12.5%
  • Land: .91 Acres

Property Description

The Burger King building was constructed in 2009 by Burger King Corporation and is located on US- 17 with 32,000 vehicles per day just east of Hwy 27 with 62,000 VPD. This corporate Burger King ground lease is a pad site to a Publix and Bealls anchored shopping center. Other tenants in this center include Dollar General, Enterprise Rent-a-Car, Advance America, and Anytime Fitness. There are 12.5% rent increases every five years in base term and options. The lease is absolute triple net.

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Financial Summary

Investment Highlights

Price $0.00
Price / Unit $0.00
Gross Rent Multiplier 0.00
Proposed Loan Amount $0.00
Initial Investment $0.00

 

Income & Expenses

Income
Potential
Current

 

Expense
Potential
Current
Total Expenses
$ 0.00
$ 0.00
Net Operating Income$0.00$0.00
Less Debt Service$0$0
Potential Net Cash Flow$0.00$0.00
Cash on Cash Return0.00 %0.00 %
Capitalization Rate0.00 %0.00 %

Rent Roll

Unit
BR/BA
Current Monthly Rent
Potential Monthly Rent
Status
Lease Expires

Totals

$ 0.00

$ 0.00

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