Brooksville, FL - Burger King

Description:

SRS National Net Lease Group is pleased to present the rare opportunity to acquire the leased fee interest (land ownership only) in Burger King, an absolute NNN leased, investment property located in Brooksville, Florida. The tenant, Bravotampa, LLC, recently signed a brand new 15-year lease, with 3 (5-year) option periods to extend. The lease features a 10% rental increase in Year 11 of the initial term and at the beginning of each option term. The lease is franchisee guaranteed by a strong 158+ unit operator and is absolute NNN with zero landlord responsibilities.

The subject site is located near the signalized, hard corner intersection of Cortez Boulevard and Board Street (47,500 cars passing by daily) with excellent visibility and access. Burger King is located in a dense retail corridor with nearby national/credit tenants that include, Walmart, Lowe’s, Publix, CVS, Walgreens, Bealls, Big Lots, O’Reilly Auto Parts, and more, further increasing consumer traffic and crossover shopping to the trade area. The 5-mile trade area is supported by a population of approximately 25,000 with an average household income of $56,000.

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Listing ID: a284o000000iBO4AAM