Oak Creek, WI - Burger King

Description:

• The tenant has 12 years of firm term remaining with an additional 4 (5-year) option periods left to extend
• The lease features 1% annual rental increases throughout the initial term and options, growing NOI and hedging against inflation
• The lease is signed by an experienced franchisee
• Founded in 1954, Burger King is among the leading global QSR hamburger chains with over 30,000 restaurants in 120+ countries

• The asset is ideally situated within a dense retail trade area
• Burger King lies as an outparcel to Woodman’s Food Market and Meijer
• Woodman’s ranks among the most visited grocery stores in the country, state, and 15-mile radius with 2.6M annual visits (Sep. 2023 - Aug. 2024, per Placer.ai)
• The shadowing Meijer is also a highly visited store with 1.5M annual visits throughout the same time period
• The additional surrounding tenants include IKEA, ALDI, Target, Kohl’s, Walmart Supercenter, Chick-fil-A, Menards, and others
• The neighboring IKEA, located just 2 miles from the site, is the only IKEA in the entire state of Wisconsin
• The dense retail trade area drives a steady stream of loyal, local consumers, providing crossover exposure and contributing to the economy