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Burger King

Parkland, Washington

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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
✓ 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

Cap Rate:
Annual Rent:
11204 B Street South, Parkland, Washington 98444
Property Type:
Net-Leased Restaurant
Lease Type:
Triple Net (NNN)

Original Lease Term:
20 Years
Lease Commencement:
Lease Expiration:
Rental Increases:
2.00% Annually Starting Year 6
Lot Size:
0.41 Acres
Building Size:
2,600 SF
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

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