Burger King

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PROPERTY ADDRESS

24360 LA-1, Plaquemine, LA 70764

PROPERTY INFORMATION

Price:
$2,085,561
Cap Rate:
5.25%
Term Remaining:
19.5 years Years
Year Built:
1988
Status:
Available

INVESTMENT HIGHLIGHTS

  • 19.5 Years Remain Absolute NNN Lease
  • NNN Lease Guarantees Zero Landlord Responsibilities
  • Recently Acquired by Location by GPS Hospitality Who Operates Over 420 Burger King Locations Nationally
  • Lease Comes Equipped with Five, Five Year Options
  • 2% Annual Rent Bumps Through Remaining Primary Term & Options
  • Per Franchisee Agreement, Subject Property is Set to Receive the BK Remodel, in Which Landlord has Already Contributed $175k