Overview

Description

Burger King has 11 years remaining on Corporate Absolute NNN lease with attractive 8% rental escalations every 5 years. **Conveying both Building & Land Below Replacement Cost.** The Tenant, Burger King Corporation is the 2nd largest, global quick service hamburger chain operating more than 18,700 locations in more than 100 countries & U.S. territories. It is Successfully open & operating for decades with VERY HIGH REPORTED SALES PERFORMANCE (4.50% RENT TO SALES) well above the national average! Recently fully remodeled to Burger Lomg’s latest “Pavilion” prototype in 2019 – showing Tenant’s commitment to this location!
The Asset is Well positioned in fastest growing county in Nebraska (Sarpy) - just off a signalized, hard southeast corner of 84th St & Harrison St with great access/visibility on Harrison St with traffic counts of 45,060 CPD! La Vista has major retailers such as Cabela’s, Costco, Walmart, Target, Sam’s Club, Lowe’s, Home Depot, Menards, Hobby Lobby, Kohl’s, Westlake Ace Hardware, Harbor Freight Tools, Tractor Supply Co., Family Fare Supermarket, Dollar Tree, CVS, Walgreens, Goodwill, Napa Auto Parts, O’Reilly Auto Parts, Planet Fitness; Dining options include IHOP, Popeyes, Dairy Queen, Little Caesars Pizza, KFC, McDonald’s, Taco Bell, Fazoli’s, Sonic Drive-In, and Starbucks. It is 7 miles from University of Nebraska Omaha - a public research university offering over 200 programs of study across 6 different colleges with total enrollment of 14,609 students (Fall 2023); 10 miles from Creighton University - a private research university offering various undergraduate & graduate programs with 8,255 students; Less than .5 miles north from City Centre - a growing residential, business & entertainment district located in this upscale residential community featuring the 384-unit luxurious apartment community Vivere and The Astro/The Astro Amphitheater - a brand new 5,000 person concert hall.

Highlights

• 11 years remaining on Corporate Absolute NNN lease with attractive 8% rental escalations every 5 years. **Conveying both Building & Land Below Replacement Cost.**.
• Burger King Corporation is the 2nd largest, global quick service hamburger chain operating more than 18,700 locations in more than 100 countries & U.S. territories
• Successfully open & operating for decades with VERY HIGH REPORTED SALES PERFORMANCE (4.50% RENT TO SALES) well above the national average! Recently fully remodeled to Burger Lomg’s latest “Pavilion” prototype in 2019 – showing Tenant’s commitment to this location!
• Well positioned in fastest growing county in Nebraska (Sarpy) - just off a signalized, hard southeast corner of 84th St & Harrison St with great access/visibility on Harrison St with traffic counts of 45,060 CPD!
• 2023 DEMOGRAPHICS: Total Population (5-MI): 209,052 | Average Household Income (1-MI): $116,964

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