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Burger King

Ardmore, Tennessee

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NNN Pro Group is pleased to present the exclusive listing for a Burger King located at 26383 Main St, Ardmore TN. The site consists of roughly 3,450 rentable square feet of building space on an estimated 0.9-acre parcel of land. This investment opportunity features an existing fifteen (15) year lease term with zero landlord responsibilities and is subject to four (4), five (5) year tenant renewal options. The current rent annual rent is $99,402 and is scheduled to increase by five percent (5%) every five (5) years throughout the base term and option periods.

About the Investment

✓ Existing 15 Year Lease Term
✓ Corporate Tenant Credit
✓ Triple Net (NNN) Lease with Zero Landlord Responsibilities
✓ Attractive Rental Increases of Five Percent (5%) Every Five (5) Years
✓ No Renewal Options Remaining

Key Details

Price:
$1,656,708
Cap Rate:
6.00%
Annual Rent:
$99,402
Address:
26383 Main St, Ardmore, Tennessee 38449
Lease Type:
Triple-Net (NNN)

Original Lease Term:
20 Years
Lease Commencement:
10/30/2018
Lease Expiration:
10/31/2038
Lease Term Remaining:
14.7 Years
Lot Size:
.9 Acres
Building Size:
3,450 SF
Year Built:
2005
Year Renovated:
2016
Tenant:
Burger King

Talk to the pros

Glen Kunofsky

License: 49KU1129178

Matthew Anuszkiewicz

License: 10401294046

Howard Curd

License: 10401339720

Broker of record

Brian Brockman

Bang Realty-Tennessee, Inc

License: 343847


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