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Burger King

Sutherlin, Oregon

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NNN Pro Group is pleased to present the exclusive listing for a Burger King located at 121 Ponderosa Drive, Sutherlin, OR. The site consists of roughly 3,192 rentable square feet of building space on estimated 0.83 acres of land. This Burger King is subject to a 20-year absolute triple net (NNN) lease which commenced June 1st, 2021, and has over 17 years remaining. The base rent is $106,172 and will increase by 1.50% percent annually starting in year seven 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 Lease that Commenced in June 2021 – Over 17 Years Remaining
✓ Absolute Triple-Net (NNN) Lease with Zero Landlord Responsibilities
✓ Attractive Rental Increases of 1.50% Annually Beginning in Year 7
✓ Four (4), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 40 Years
✓ Long Term Tenancy | Burger King has Been Operating at this Location for 20+ Years

Key Details

Price:
$1,846,470
Cap Rate:
5.75%
Annual Rent:
$106,172
Address:
121 Ponderosa Drive, Sutherlin, Oregon 97479
Property Type:
Net-Leased Restaurant
Lease Type:
Absolute Triple Net (NNN)

Original Lease Term:
20 Years
Lease Commencement:
June 1st, 2021
Lease Expiration:
June 30th, 2041
Lease Term Remaining:
+/- 17.5
Rental Increases:
1.50% Annually Starting Year 7
Lot Size:
+/- 0.83 Acres
Building Size:
3,129 SF
Year Built:
1998
Tenant:
Burger King

Talk to the pros

Glen Kunofsky

License: 49KU1129178

Edward Otocka

License: 10401298466

Amelia Haydock

License: 10401334976

Robert Stein

License: 10401341647

Broker of record

Brian Brockman

Bang Realty-Oregon, Inc

License: 201236414


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