Burger King | Absolute NNN Lease
$1,101,413
1637 Martin Luther King Boulevard, Houma, LA 70360
For Sale
Retail
Unknown Sub Type
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.
Documents:
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Offering Memorandum
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