Burger King
$3,972,602
8133 Southern Blvd, West Palm Beach, FL 33411
3.6
Cap Rate
143,000
NOI
Details:
Highlights:
- Corporate Burger King lease backed by Burger King Company LLC with a franchisee operator, providing an enhanced credit profile and additional security.
- Absolute NNN lease structure with zero landlord responsibilities, including roof, structure, and all operating expenses.
- 16+ years of term remaining, offering a long-term, passive income stream with lease expiration in June 2042.
- Scheduled rental increases of 10% every five years, providing built-in income growth and a hedge against inflation.
- High-quality 2022 construction built to modern Burger King prototype standards, minimizing near-term capital expenditures.
- Strong positioning along Southern Boulevard, a primary east-west corridor with high traffic counts and excellent accessibility.
- Outparcel location adjacent to a Wawa and surrounded by national retailers, dense residential neighborhoods, and daily-needs traffic drivers.
- Burger King is a globally recognized quick-service restaurant brand with over 19,000 locations and more than 70 years of operating history.
- Located in West Palm Beach, a high-growth South Florida market benefiting from strong demographics, population growth, and continued in-migration.
- Four 5-year renewal options extend the potential lease term through 2062, each with 10% rental increases, providing long-term upside.
Description:
Introducing a prime investment opportunity at 8133 Southern Blvd, West Palm Beach, FL. This recently constructed 2,784 SF free-standing building boasts 100% occupancy, offering a secure and immediate return on investment. Zoned MUPD, it provides versatility for retail or commercial use. Built in 2022, this property is equipped with modern facilities and infrastructure to meet the needs of discerning investors. Located in the thriving West Palm Beach area, this impressive property presents a rare chance to own a high-performing retail asset in a desirable location.
The subject property is located in West Palm Beach, Florida, a major city within Palm Beach County and one of South Florida’s most desirable and rapidly growing markets. Positioned along Florida’s eastern coastline, West Palm Beach is part of the larger tri-county South Florida region, which includes Miami-Dade and Broward Counties, and benefits from strong population growth, tourism, and economic expansion.
West Palm Beach serves as a key commercial and residential hub for Palm Beach County, an affluent area known for its high household incomes, strong demographics, and seasonal population influx. The market is supported by a diverse economic base, including healthcare, finance, tourism, and professional services, as well as continued in-migration from high-tax states.
The area has experienced significant development and revitalization in recent years, with major investments in residential, retail, and mixed-use projects throughout the region. Its proximity to Palm Beach International Airport, major highways including Interstate 95 and Florida’s Turnpike, and access to coastal amenities further enhances its appeal.
The subject property is situated along a well-trafficked commercial corridor, surrounded by national retailers, dense residential neighborhoods, and daily-needs traffic drivers. This positioning provides strong visibility, accessibility, and consistent consumer demand, making it an ideal location for a quick-service restaurant.
Overall, West Palm Beach offers a compelling combination of strong demographics, sustained growth, and prime retail fundamentals, supporting long-term tenant performance and investor demand.
Location
Gallery