Burger King

1007 Main Avenue, De Pere, WI

$1,575,800

Price

5%

Cap Rate

$78,791

NOI

Overview
Cap Rate
5%
NOI
$78,791
Building Size
3,740 sqft
Lot Area
0.61 acres
Lease Type
Triple Net
Year Built
2000
Tenancy
Single
Year Last Renovated
2019
Lease Expire Year
6/30/2038
Description

Single Tenant Burger King With Double-Drive Thru
-New 20-year lease extension
-Absolute NNN; no landlord responsibilities
-Below market annual rent of $78,791 per year
-7.5% increases every 5 years
-Freeway visible pylon sign
-Burger King (NYSE: QSR; S&P: B+) operates 17,796 restaurants in 100 countries
-#3 “World’s Largest Restaurant Company” – Fortune (2018)
-Lease guaranteed by one of the largest Burger King operators in Wisconsin with 19 locations

Brand New Prototype and Double Drive-Thru: Recently completed a remodel over $450,000 to convert the building into Burger King’s latest prototype with a double drive-thru

Outparcel to High Performing Festival Foods Anchored Center: Festival Foods experiences extremely high sales figures at this location (outperforming the nearest Super Walmart) and is the dominant grocer in Wisconsin with 30 locations

Ideally Located at the Main Avenue On/Off Ramp to the 41 Freeway: Excellent accessibility, visibility, and identity from the 41 Freeway, the major north/south interstate connecting Green Bay to Appleton with over 75,000 CPD

Recent New Construction in Strong Retail Trade Area: New construction ALDI, McDonalds, Starbucks, and Dunkin Donuts across the street with other national tenants nearby including Festival Foods, Walgreens, CVS/Pharmacy, AutoZone, FedEx, Associated Bank, Anytime Fitness, and the United States Postal Service

Affluent Demographics with Strong Growth: The average household income is over $86,000 within a 3-mile radius of the subject property. The population grew 36% between 2000-2018 within a 1-mile radius with projected growth of 10% between 2018-2023

Documents
Title
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Location
Gallery