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Burger King | Absolute NNN Lease

$1,101,413

1637 Martin Luther King Boulevard, Houma, LA 70360

Active
Last Updated: 10/18/2024

6.58

Cap Rate

2,800 sqft

Building Size

Details:
Cap Rate:    6.58%
Building Size:    2,800 sqft
Lot Area:    0.92 acres
Lease Type:    Absolute Net
Year Built:    1997
Year Last Renovated:    2018
Highlights:
  • World Renowned Brand - Burger King first opened in 1954 and now has 15,000+ locations in over 100 countries
  • Absolute NNN Lease - The tenant is responsible for all expenses providing an investor with passive income and no landlord responsibilities
  • Superior Local Retail - The subject property is well located nearby many national retailers such as Walmart, Target, Home Depot, Lowe's Petco, Ross Dress for Less, Marshalls, Old Navy, Ashley Store, Best Buy, Chick-fil-A, Starbucks, Raising Cane's, Arby's, IHOP, Olive Garden, Outback Steakhouse, and McDonald's to name a few.
  • Experienced Operator - GPS Hospitality operates more than 400 Burger King restaurants in 13 states and was named Burger King Developer of the Year in 2023. This benefits an investor by owning a property leased to a very experienced tenant that consistently shows strong performance across many of their stores.
  • Low Rent to Sales Ratio - Reach out to broker for more information
  • Notable Oil Industry - Houma, LA is home to the bulk of Louisiana's exceptional oil industry. Acting as one of the largest cities in Louisiana, Houma's economy revolved substantially from its consistently booming oil industry . Stemming from the port of Terrebonne, the oil industry here employs thousands of local workers and helps to further grow the local economy.
Map:
Documents:
Title
Offering Memorandum
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Location
Gallery