Tuskegee, AL - Burger King
$1,651,000
504 N Main Street, Tuskegee, AL 36083
7
Cap Rate
112,706
NOI
Details:
Description:
• Bulldogs Restaurants, LLC (40+ units) guaranteed lease | Bulldog Restaurants, LLC is a subsidiary of of Starboard Investments, which is an operator of 50+ Jimmy Johns and 40+ Burger Kings | Speak with Agent for details
• 12.5 years of initial term remaining
• Healthy rent-to-sales ratio at sub-8.50% in 2025 | Speak with Agent for details
• The lease features 5% rental increases every 5 years throughout the initial term
- The subject property is located less than 1 mile from Tuskegee University which has a student population of over 2,800 students
- Approximately two miles east of the VA Medical Center - Tuskegee (143 Beds)
- Located near the intersection of N Main Street and US Highway 29&80 which combine to average over 16,400 vehicles passing by daily
- Other nearby national/credit tenants include McDonald’s, Dollar Tree, CVS, Subway, AutoZone, Dollar General, and others
- Strong tenant synergy promotes crossover shopping to the subject property
Location
Gallery