Burger King

Jacksonville, Florida

NNN Pro Group is pleased to present the exclusive listing for a Burger King located at 13049 North Main St, Jacksonville FL. The site consists of roughly 4,250 rentable square feet of building space on an estimated 1.1-acre parcel of land. This investment opportunity features a recently extended 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 $126,000 and is scheduled to increase by ten percent (10%) every five (5) years throughout the base term and option periods.
*The lease carries a natural percentage rent breakpoint of eight and a quarter (8.25%) percent above the minimum base rent.

✓ Recent 15 Year Lease Extension
✓ Triple Net (NNN) Lease with Zero Landlord Responsibilities
✓ Planned Remodel As Part of Burger King’s “Reclaim the Flame” Initiative
✓ Attractive Rental Increases of Ten Percent (10%) Every Five (5) Years
✓ Four (4) Tenant Renewal Periods of Five (5) Years Each
✓ Percentage Rent Provision (8.25% Natural Breakpoint)