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Burger King

Battle Ground, Washington

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Marcus & Millichap is pleased to present the exclusive listing for a Burger King located at 930 SW Scotton way, Battle Ground, WA. The property consists of 2,742 square feet of building space and is situated on an estimated 0.55 acres of land. The tenant is subject to a 20-year absolute triple net (NNN) lease, that will commence upon close of escrow. The base rent is $123,473 and will increase by 2.00% percent annually starting in year six and continuing throughout the base term and into each of the four (4), five (5)-year tenant renewal option periods

About the Investment:

✓ Long-Term, 20-Year Absolute Triple Net (NNN) Lease Commencing Upon the Close of Escrow
✓ Two Percent (2.00%) Rental Increases Annually Starting in Year 6
✓ Four (4), Five (5)-Year Tenant Renewal Options

About the Location:

✓ Brand New Construction | Site is Expected to Open in October 2021
✓ Dense Retail Corridor | Fred Meyer, Walmart, Walgreens, Ace Hardware, Safeway, Albertsons, Starbucks, McDonalds, Wendy’s, and Many More
✓ Strong Traffic Counts | Southwest Scotton Way & Southwest 10th Avenue |Boasts Average Daily Traffic Counts of Approximately 3,800 & 23,000 Vehicles
✓ Features High Visibility and Ease of Access | Positioned Near Intersection of Southwest Scotton Way and Southwest 10th Avenue
✓ Large Academic Presence | Battle Ground High School & Maple Grove School|Located Less Than Two-Miles From the Subject Property | Combined Enrollment Exceeding 2,400 Students

About the Tenant/Brand:

✓ Burger King is the #2 Fast Food Hamburger Chain, Globally
✓ Nearly 14,000 restaurants in 100+ countries
✓ Burger King Serves More than 11,000,000 Guests Per Day
✓ 100% of Burger Kings are Owned and Operated by Independent Franchises
✓ Ambrosia QSR, LLC is a Well-Funded Developer and Operator of Burger King Locations | They are One of the Top Performing Operators within the Burger King System

Key Details

Price:
$2,599,442
Cap Rate:
4.75%
Annual Rent:
$123,473
Address:
930 SW Scotton Way, Battle Ground, Washington 98604
Property Type:
Net-Leased Restaurant
Lease Type:
Triple Net (NNN)

Original Lease Term:
20 Years
Lease Commencement:
Close of Escrow
Lease Expiration:
20 Years from Close of Escrow
Lease Term Remaining:
20 Years
Rental Increases:
2.00% Annually Starting Year 6
Lot Size:
+/- 0.55 Acres
Building Size:
2,742 SF
Year Built:
2021
Tenant:
Burger King

Broker of record

Joel Deis

License: 25469


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