Burger King

1016 Mineral Wells Ave. | Paris | TN | 28242 Back to Properties


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Property Highlights

    • 14+ Years Remaining with 10% Increases Every 5 Years
    • Absolute NNN Lease, No Landlord Responsibilities
    • Largest Burger King Franchisee in the World with 1,010 Locations (NASDAQ: TAST)
    • 2008 Construction/Rebuild with a Drive-Thru
    • Serving 32,420 Residents in Henry County
    • Located Along Primary Commercial Corridor with 21,170 Cars/Day
    • Neighboring Retailers Include Walmart Supercenter, Lowe’s, Kroger, and Many More
    • Close Proximity to Henry County’s Regional Medical Campus with 649 Employees
    • Surrounded by Several K-12 Schools with 4,484 Students
    • Strong Daytime Population, 8,467 Employees within 5 Miles
    • Just West of Paris Landing State Park with Over 1.5 Million Visitors Annually

Property Details

  • Price: $ 1,950,000
  • Transaction Type: For Sale
  • Property Type: Retail
  • Lot Size: 1.10 AC
  • Cap Rate: 5%
  • Year Built: 2008
NOI : $98,413
Gross Leasable Area : 2,579 SF

Property Description

In 2016 Cambridge Franchise Holdings, LLC purchased all of the Burger King restaurants in the Memphis MSA. In April 2019, Carrols Restaurant Group, Inc. (Nasdaq: TAST) completed the acquisition of 165 Burger King and 55 Popeyes restaurants from Cambridge Franchise Holdings, LLC.

Carrols is the largest Burger King franchisee in the United States and has operated Burger King restaurants since 1976. Following the Cambridge merger, Carrols operates 1,010 Burger King and 55 Popeyes restaurants in 23 states.

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Financial Summary (Actual - )

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