Burger King

Fremont, NE

Price $2,346,000
Cap Rate 6.75%
TYPE Single-Tenant
STATUS Available
Tenant Burger King Corp.
LEASE TYPE Absolute NNN
SQUARE FEET 5,034
PRICE/SQ FT $466
YEAR BUILT 1996
LEASE EXP. 2026
LISTING AGENT Justin Zahn
480-214-5088 x102
justin@ciadvisor.com

Property Description

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).

Property Highlights

  • 8+ Years Remaining on Initial 20 Year Absolute NNN Lease with RARE 1.5% Annual Rental Escalations
  • RARE FEE SIMPLE Offering (Conveying Both Building & Land) - Successfully Open & Operating Since 1996
  • Situated on a Large ±1.58-Acre Parcel with Indoor Play Area
  • Demographics: Total Population: 29,826 | Avg Household Income: $72,747
  • Tenant: Burger King Corporation - Operates More than 14,000 Locations in Approx. 100 Countries & U.S. Territories
  • High Drive-by Visibility on Main East/West Thoroughfare with Traffic Counts on Exceeding 21,450 CPD!
  • Area Development: Costco is Building a $280 Million Chicken Processing Plant
  • Low Unemployment Rate: Nebraska’s Rate at 2.7% - National Rate at 4.1% (Oct 2017)