Burger King

By February 16, 2016Available Properties

Investment Offering – $1,269,565

Current Rent: $73,000 Cap Rate: 5.75%
Lease Term: 12 Remaining Term: 12
Lease Type: NNN Building Sq. Ft.: 3,370
Renewal Options: 4, Five Year Options


Recently Extended Lease: Long term well established location leased to Carrols Corporation. Tenant recently extended early for another 10 years. Seasoned and desirable property, with excellent sales volume along with a recent interior and exterior renovation

High Quality Lease Guarantor: Guaranteed by Carrols Restaurant Group. The largest BURGER KING franchisee in the United States with over 700 restaurants spread across 12 states and has operated BK restaurants since 1976

Extremely Conservative Rent to Sales ratio: Above average sales and steadily improving. Rent to sales Ratio is under 6%.

Rental Escalations: 10% Rental Increases every 5 Years during the Base Term

Strong Retail Location: The property is an out parcel to an 883,000 SF regional mall Sangertown Square that includes Macy’s, Target, Bath & Body Works, Victoria’s Secret, and many other retailers. Other retailers in the immediate area include McDonald’s, Friendly’s ice cream, Wendy’s, banks, financial institutions and others.4 five year options with 10% rent increase each

Surrounding Area: Located at the foothills of the nationally renowned 6 million acre Adirondack Park, new Hartford is located of Routes 5 and 5A, and is easily accessible from New York State Routes 8, 12 and the New York State Thruway


P: 646.791.0818

P: 310.774.3790