Burger King (4 new properties) | Triple Net Lease Investment of the Month

There are 4 Local Burger King locations which have just come on the market in Salinas and Hollister.

They range in price from $2,748,400 to $4,627,489

All offer a 4.5% initial cap rate, with 1.75% increases annually with 18.5 years to run on new leases and (4) 5 year options to renew.

These should offer you trouble free income for years at a much better rate of return than banks. And, at the end of the lease, you still own the property.

Tenant is responsible for all taxes, insurance and maintenance.

One of these Burger King restaurants is located just outside the southern portion of the Greater Bay Area in northern California. The subject property is strategically positioned in a dense retail corridor benefiting from its close proximity to many national and local retailers. Major national retailers in the area include: Taco Bell, Starbucks, Subway, Ace Hardware, Jack in the Box, Circle K, AutoZone and many more. This Burger King also benefits from its close proximity to academic institutions. There are two Elementary Schools and one High School less than two miles from the subject property which have a combined total enrollment of over 4,000 students. A Hospital, a 266-bed general medical and surgical hospital, is located five miles from the subject property.

john skinner triple net nnn lease property specialist in watsonville californiaType: Restaurant

Cap Rate: 4.50%

Lease Type: Triple-Net (NNN)

Annual Rent: $158,653

Net Operating Income: $158,653

Lease Term Remaining: 19.8 Years

Rental Increases: 1.75% Annually Starting Year 7

Year Built: 2007

Rentable Sq/Ft: 3,089 SF

Rent Sq/Ft: $51.36

Price Sq/Ft: $1141

Lot Size: 0.72 Acres

In my many years in the real estate business I have learned to navigate the intricacies of locating, negotiating, and securing the right investment property to fit your portfolio. I can evaluate your needs and budget to find the right NNN property. Then Just leave it up to me.

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