Burger King has a rare fee simple offering (conveying both building and land) with 8+ years remaining on an initial 20 year Absolute NNN lease and 1.5% annual rental escalations. The tenant, Burger King Corp., operates over 14,000 stores in approximately 100 countries and US territories. Burger King is situated on a large 1.58 acre parcel with an indoor play area, successfully open and operating at this location since 1996.
The subject property is located in Fremont, Nebraska, on the main East/West thoroughfare with high drive-by visibility. The surrounding area is currently being developed to house a $280M Costco chicken processing plant. Burger King sits 2 miles from Midland University with a total enrollment of 1,400 students and is 1.5 miles from Fremont Health Medical Center. Nebraska has a low unemployment rate of 2.7% compared to the national average of 4.1% (Oct. 2017).