Burger King

Palmyra, Maine

NNN Pro Group is pleased to present the exclusive listing for a Burger King located at 530 Oxbow Road, Palmyra, Maine. The site consists of roughly 3,250 rentable square feet of building space on estimated 0.7-acre parcel of land This investment opportunity is subject to a brand new 20-year Triple-Net (NNN) sale-leaseback with zero landlord responsibilities. The lease will commence upon the close of escrow and will be subject to six (6), five (5) year tenant renewal options. The initial annual rent will be $167,495 and is scheduled to increase by one percent (1.00%) annually starting in year 11 and continuing throughout the base term and option periods. In each option period the rent will increase by one percent (1.00%) annually in years 1 through 3 and the rent will remain flat in years 4 and 5.

✓ Brand New 20-Year Sale-Leaseback
✓ Triple Net (NNN) Lease with Zero Landlord Responsibilities
✓ Guaranteed by Carrols, LLC | Largest Burger King Franchisee With Over 1,110 Units
✓ Attractive Rental Increases of One Percent (1.0%) Annually Beginning in Year 11
✓ Six (6) Tenant Renewal Periods of Five (5) Years Each