NNN Corporate Burger King Ground Lease
267 Williamson Rd
Mooresville (Charlotte), NC 28117
Click here to view the Google Street View
Contact: Steve Schroeder 954-593-6466
Stevenschroe@gmail.com
 

 
Status: Available
Primary Type:
Retail - Free Standing
Price:
$1,395,000
NOI:
$90,000
Building Size: 2,200± SF
Lot Size: 1.27± Acres
Options: 4 x Five Years
Rent Increases: 10% Every 5 Years
Occupancy: 100%
Year Built:
2008
Net Lease Investment:
Yes - NNN Ground Lease
Date Last Verified:
9/25/2009
If you are interested in this property, feel free to contact the Solid Investments Team!
Via E-Mail
Steven Schroeder


Property:
 NNN Burger King
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Email Address:

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Via Phone:
Solid Investments
Steven Schroeder
O: 954-492-9431


Property Description:
Brand New Absolute NNN 20 Year Corporate Burger King ground lease with 10% rent bumps every five years and 4 x five year options, located in Mooresville, NC (a suburb of Charlotte). Rent commenced in April 2008. This is an outparcel to a brand new Lowes Foods Lifestyle Center. Avg HH Income is +/- $97k and total day time population is +/- 9,034 within a 1 mile radius. Located at a signalized entrance to the Lowes Foods Lifestyle Center.

Location: Click here to view the Google Street View
The subject property is approximately 1.27 acres, located on Williamson Road a part of the new retail lifestyle center Mooresville Town Square. Burger King will have great frontage on Williamson Road, which is the major North-South corridor in Mooresville, NC with well over 20,000 CPD. Located at a signalized entrance to the Lowes Foods Lifestyle Center.

About the Tenant:
HOME to the famous Whopper sandwich, Burger King Holdings Inc operates more than 11,200 restaurants worldwide. Approximately 90 percent of Burger King Holdings Inc restaurants are owned and operated by independent franchisees, many of them family-owned operations that have been in business for decades. Currently they are making a push to open many corporate owned stores as well. Burger King Holdings Inc has achieved 10 consecutive quarters of comparable same-store sales growth worldwide. It has been more than a decade since Burger King has enjoyed this kind of comp sales success. Company revenues and system-wide average restaurant sales are also at an all-time high. Burger King’s advertising is winning awards and recognition the world over, and new products are generating billions in incremental sales systemwide.

Burger King Holdings is the world's #2 hamburger chain (behind McDonald’s) with stores in all 50 states and about 65 other countries. In addition to its popular Whopper sandwich, the chain offers a variety of burgers, chicken sandwiches, salads, and breakfast items. More than 1,200 BK locations are company-owned, while the rest are owned and operated by franchisees. Burger King was founded by James McLamore and David Edgerton in 1954.

  
Financial Summary

Actual
NOI $90,000
 
  • Corporate 20 Year NNN Burger King Lease
  • Entrance to the Lowes Foods Lifestyle Center
  • 10% Rent Increases Every 5 Years
  • Brand New Construction
  • Zero Landlord Obligations
  • Excellent Demograpchics
 
   
Additional Photos
  
   
Actual Property
  
 
   
Aerial View of the Lowes Foods Lifestyle Center
  
 
   
Aerial View of the Lowes Foods Lifestyle Center
  
 
   
 
   

The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

The properties shown on this website may or may not be exclusively listed by Solid Investments of Realty Associates Florida Properties.
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