Burger King

Highlights:

• Absolute NNN Lease | 9+ Years Remaining | Scheduled 7.5% Rent Bump
• Four, 5-Year Options with Rent Increases
• Operated by GPS Hospitality Acquisition Company, LLC - 400+ Unit Operator
• 3 Miles from West Virginia University | 25,000+ Students enrolled

Description:

TREK Investment Group is pleased to offer for sale Burger King in Morgantown, West Virginia. The subject property offers an investor an exceptional opportunity to acquire an Absolute NNN lease with 9+ years remaining on the original 20-year lease with a scheduled 7.5% rent increase in the primary term, as well as each of the four, 5-year options. Burger King is operated by GPS Hospitality Acquisition Company, LLC – a 400+ unit operator in 13 states with over 30 years experience in the QSR industry. Burger King is strategically located along the service road of I-79 which has astonishing traffic counts over 42,300+ vehicles per day and across the street from Lowe’s Home Improvement and Morgantown Mall which is anchored by JCPenney, Dunham’s Sports, Burkes, and AMC Theaters. Burger King is only 3 miles from West Virginia University with a current enrollment of 25,000 students. Additionally, Burger King is surrounded by national retailers including Big Lots, McDonalds, Taco Bell, Exxon, Bass Pro, Kohl's, and many more.

Morgantown, West Virginia, is a vibrant city nestled in the Appalachian Mountains with a population of 30,500+ residents. The city is home to West Virginia University with a current enrollment of 25,000 students, which significantly influences its demographic and cultural landscape, contributing to a youthful, diverse population with a strong academic presence. The community features a mix of students, university staff, and long-term residents, including a blend of local families and professionals. Established in the late 18th century, Morgantown has evolved from a small frontier settlement into a bustling urban center with a rich industrial past, particularly in coal mining and railroads. The economy is diversified, with key sectors including healthcare, education, and research, shaping a dynamic environment with a focus on innovation and community engagement. Morgantown is known for its charming downtown area, historic architecture, and vibrant cultural scene. The city's scenic beauty, with its proximity to the Monongahela River and surrounding hills, adds to its appeal, making it a welcoming place for both residents and visitors.

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