fbpx Skip to Content

Burger King

South Boston, Virginia

Map View

Street View

NNN Properties, LLC is pleased to present this exclusive listing for a Burger King located at 1005 Bill Truck Highway in South Boston, VA. The subject property consists of roughly 3,472 square feet of building space on approximately a 1.09-acre parcel. This investment opportunity is subject to a 20-year Triple-Net (NNN) lease, which has 13 years remaining. The annual rent is $109,125 and is scheduled to increase by two percent (2.00%) annually continuing throughout the base term and four, five-year tenant option periods.

✓ Long Term Lease | 13 Years Remaining on an Original 20-Year Lease
✓ Triple Net (NNN) Lease with Zero Landlord Responsibilities
✓ Operated by Carrols Restaurant Group, one of the Largest Restaurant Companies and Franchisee’s in the United States
✓ Attractive Rental Increases of 2.00% Annually
✓ Four (4) Tenant Renewal Periods of Five (5) Years Each

Key Details

Price:
$1,739,172
Cap Rate:
6.40%
Annual Rent:
$111,307
Address:
1005 Bill Tuck Highway, South Boston, Virginia 24592

Original Lease Term:
20 Years
Lease Commencement:
September 25, 2015
Lease Expiration:
September 30, 2035
Lease Term Remaining:
12.97 Years
Rental Increases:
2.0% Annually
Lot Size:
1.09 Acres
Building Size:
3,472 SF
Year Built:
1992
Tenant:
Burger King

Talk to the pros

Glen Kunofsky

License: 49KU1129178

Edward Otocka

License: 10401298466

Anthony Bird

License: 10401306066

Broker of record

Brian Brockman

Bang Realty, Inc.

License: 225245999


Similar Properties

available

Chase Bank

11610 Olio Road, South Boston, Virginia, 46037

available

Ultimate Shine Car Wash

3250 Electric Rd, South Boston, Virginia, 24018

available

Flagship Carwash

10874 Fairfax Blvd, South Boston, Virginia, 22030

available

Parachute Plasma

1022 and 1024 Maple St, South Boston, Virginia, 30117