Skip to Content

Burger King

Parkland, Washington

Map View

Street View

Marcus & Millichap is pleased to present the exclusive listing for a Burger King located at 11204 B Street S in Parkland, WA. The property consists of 2,600 square feet of building space and is situated on an estimated 0.41 acres of land. The tenant is subject to a 20-year absolute triple net (NNN) lease, that commenced on 9/30/2021. The base rent is $166,864 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.

t the Investment
✓ Long-Term, 19-Year Absolute Triple Net (NNN) Lease That Commenced in September 2021.
✓ 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 the March 2022
✓ Dense Retail Corridor | QFC, Starbucks, Taco Bell, UPS Shell, Bank of America,
Subway, U-Haul and Many More
✓ Strong Traffic Counts | WA-512| Boasts Average Daily Traffic Counts of Approximately
79,000 Vehicles
✓ Compelling Location Fundamentals | Located on the Hard Corner of a Signalized
Intersection
✓ Robust Population | Roughly 700,000 Residents within a 10-Mile Radius
✓ Features High Visibility and Ease of Access
✓ Positive Real Estate Fundamentals | Less Than 35 Miles from Seattle |Just 15 Minutes
from Tacoma City Center

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
| They are One of the Top Performing Operators within the Burger ing System

Key Details

Price:
$3,512,933
Cap Rate:
4.75%
Annual Rent:
$166,864
Address:
11204 B Street South, Parkland, Washington 98444
Property Type:
Net-Leased Restaurant
Lease Type:
Triple Net (NNN)

Original Lease Term:
20 Years
Lease Commencement:
9/30/2021
Lease Expiration:
9/30/2041
Rental Increases:
2.00% Annually Starting Year 6
Lot Size:
0.41 Acres
Building Size:
2,600 SF
Tenant:
Burger King

Talk to the pros

Glen Kunofsky

License: 49KU1129178

Edward Otocka

License: 10401298466

Amelia Haydock

License: 10401334976

Charles Deckas

License: 10401358656

Broker of record

Joel Deis

License: 25469


Similar Properties

available

Ojos Locos

9040 North Black Canyon Highway, Parkland, Washington, 85051

available

Sonic

11960 Alabama Road, Parkland, Washington, 30188

available

Friendly's

562 North Main Street, Parkland, Washington, 01028

available

Wendy's

3779 East Main Street, Parkland, Washington, 72315