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Burger King

South Boston, Virginia

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Marcus & Millichap is pleased to present this exclusive listing for a Burger King located at 1005 Bill Truck Highway in South Boston, VA. The subject property consists of roughly 3,472 square feet of building space on approximately a 1.09-acre parcel. This investment opportunity is subject to a 20-year Triple-Net (NNN) lease, which has 13 years remaining. The annual rent is $109,125 and is scheduled to increase by two percent (2.00%) annually continuing throughout the base term and four, five-year tenant option periods.

✓ Long Term Lease | 13 Years Remaining on an Original 20-Year Lease
✓ Triple Net (NNN) Lease with Zero Landlord Responsibilities
✓ Operated by Carrols Restaurant Group, one of the Largest Restaurant Companies and Franchisee’s in the United States
✓ Attractive Rental Increases of 2.00% Annually
✓ Four (4) Tenant Renewal Periods of Five (5) Years Each

Key Details

Price:
$1,849,579
Cap Rate:
5.90%
Annual Rent:
$109,125
Address:
1005 Bill Tuck Highway, South Boston, Virginia 24592

Original Lease Term:
20 Years
Lease Commencement:
September 25, 2015
Lease Expiration:
September 30, 2035
Lease Term Remaining:
12 Years
Lot Size:
1.09 Acres
Building Size:
3,472 SF
Year Built:
1992
Tenant:
Burger King

Talk to the pros

Glen Kunofsky

License: 49KU1129178

Edward Otocka

License: 10401298466

James Westerberg

License: 10401304686

Anthony Bird

License: 10401306066

Broker of record

Dawson Rinder

License: 0225215181


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