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Burger King

Kingsland, Georgia

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NNN Pro Group is pleased to present the exclusive listing for a Burger King located at 1162 Boone St Ext, Kingsland GA. The site consists of roughly 3,218 rentable square feet of building space on an estimated 1.6-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 $171,437 and is scheduled to increase by five percent (5%) every five (5) years throughout the base term and option periods.

✓ Existing 15 Year Lease Term
✓ Triple Net (NNN) Lease with Zero Landlord Responsibilities
✓ Attractive Rental Increases of Five Percent (5%) Every Five (5) Years
✓ Four (4) Tenant Renewal Periods of Five (5) Years Each

Key Details

Price:
$2,699,790
Cap Rate:
6.35%
Annual Rent:
$171,437
Address:
1162 Boone St Ext, Kingsland, Georgia 31548
Property Type:
Retail - Net-Lease Quick-Service Restaurant
Lease Type:
Triple-Net (NNN)

Original Lease Term:
20 Years
Lease Commencement:
10/30/2018
Lease Expiration:
10/31/2038
Lease Term Remaining:
14.6 Years
Rental Increases:
5% Every Five Years
Lot Size:
1.6 Acres
Building Size:
3,218 SF
Year Built:
1996
Year Renovated:
2011
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-Georgia, Inc

License: 378952


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