Burger King

225 South 23rd Street, Plattsmouth, NE

$1,838,000

Price

6.35%

Cap Rate

$116,725

NOI

Overview
Cap Rate
6.35%
NOI
$116,725
Building Size
4,114 sqft
Lot Area
1.03 acres
Occupancy
100%
Year Built
1990
Tenancy
Single
Year Last Renovated
2007
Gross Leaseable Area
4114
Description

Burger King has 12.5 years remaining on RARE Corporately Guaranteed Absolute NNN Lease with Attractive 1.5% Annual Escalations! The tenant, Burger King Corporate Guarantee (Franchise/Operator of Over 18,830 Restaurant Locations in More Than 100 Countries & U.S. Territories).This asset is a RARE Fee Simple Ownership (Building & Land) on a Large 1.03-Acre Parcel. Successfully Open & Operating Since 1990!

Burger King has Great Drive-By Visibility on US Hwy 75, where Traffic Counts Exceed 13,540 CPD! Nearby retailers include: HyVee, Bomgaars, No Frills Supermarket, Dollar General, O’Reilly Auto Parts, NAPA Auto Parts, Victra, Anytime Fitness, Taco Bell, Pizza Hut, Dairy Queen, Godfather’s Pizza, Scooter’s Coffee and Little Caesars. This location is 10 miles from Offutt Air Force Base (the headquarters of the U.S. Strategic Command, the Air Force Weather Agency, and the 55th Wing of the Air Combat Command with 8,319 total military, 3,841 total civilians, 6,404 dependents & 26,000 military retirees with an economic impact of $2.3 billion in 2018).

Highlights
  • 12.5 Years Remaining on RARE Corporately Guaranteed Absolute NNN Lease with Attractive 1.5% Annual Escalations!
  • LARGE LOT: RARE Fee Simple Ownership (Building & Land) on a Large 1.03-Acre Parcel
  • Great Drive-By Visibility on US Hwy 75, where Traffic Counts Exceed 13,540 CPD!
  • Burger King Corporate Guarantee (Franchise/Operator of Over 18,830 Restaurant Locations in More Than 100 Countries & U.S. Territories)
  • Successfully Open & Operating Since 1990! **Tenant Recently Extended Lease**
  • 2019 DEMOGRAPHICS (5-MI): Total Population: 10,618 | Average Household Income: $76,729
Documents
Title
burgerking.plattsmouth_mktgpkg.pdf
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Location
Gallery