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Burger King

Rutland, Vermont

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NNN Pro Group is pleased to present the exclusive listing for a Burger King located at 2729 North Main Street, Rutland VT. The site consists of roughly 4,599 rentable square feet of building space on estimated 1.15-acre parcel of land. This investment opportunity is subject to an existing 20 Year (NNN) lease term with zero landlord responsibilities. The lease commenced on 1/1/2023 and is subject to four (4), five (5) year tenant renewal options. The current annual rent is $121,500 and is scheduled to increase throughout the lease term and continuing throughout the base term and option periods.

✓ Store was Recently Renovated & Updated to Increase Drive-Thru Capacity
✓ New Extended Lease By Tenant Shows Commitment to Location
✓ Existing Twenty (20) Year Lease Term
✓ Triple Net (NNN) Lease with Zero Landlord Responsibilities
✓ Guaranteed by Carrols, LLC | Largest Burger King Franchisee With Over 1,110 Units
✓ Attractive Rental Increases Throughout Lease Term
✓ Four (4) Tenant Renewal Periods of Five (5) Years Each

Key Details

Price:
$2,359,223
Cap Rate:
5.15%
Annual Rent:
$121,500
Address:
2729 North Main Street, Rutland, Vermont 05701
Property Type:
Retail - Net-Lease Quick-Service Restaurant
Lease Type:
Triple-Net (NNN)

Original Lease Term:
21 Years
Lease Commencement:
1/1/2023
Lease Expiration:
12/31/2043
Lease Term Remaining:
Approximately 20.0 Years
Rental Increases:
Variable Over Lease Term – See Rent Schedule
Lot Size:
1.15 Acres
Building Size:
4,599 SF
Year Built:
1977
Year Renovated:
2024
Tenant:
Burger King

Talk to the pros

Glen Kunofsky

License: 49KU1129178

James Westerberg

License: 10401304686

Howard Curd

License: 10401339720

Broker of record

Brian Brockman

Bang Realty-New England, Inc

License: 81.0134052


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