Baton Rouge, LA - Burger King

Description:

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased, Burger King investment property located in Baton Rouge, Louisiana. The tenant, GPS Hospitality, has over 4 years remaining on their current lease with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 2% annual rental increases that started in year 6 of the initial term and throughout the option periods, steadily growing NOI and hedging against inflation. The lease is an Absolute NNN lease with zero landlord responsibilities making it an ideal investment opportunity for a passive investor.

The Burger King is located near the signalized, hard corner intersection of Bluebonnet Blvd and State Hwy 42 with a combined (47,000 VPD). Bluebonnet Blvd, is a major retail road serving the city of Baton Rouge. The site is equipped with a drive-thru, providing ease and convenience for customers. On average, stores with drive-thrus experience higher sales than those without. The asset benefits from close proximity to an immense retail corridor that includes the Mall of Louisiana, 1,559,000 SF regional mall anchored by Macy’s, Ulta, Dick’s Sporting Goods, Apple, The Loft, H&M, Dillard’s, and many more. Other nearby national/credit tenants include Walgreens, Starbucks, Autozone, Office Depot, Winn Dixie, Albertsons, and many more. Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the site. The 5-mile trade area is supported by over 111,000 residents and 119,000 employees, providing a direct consumer base from which to draw. Residents within a 3-mile radius of the subject property boast an affluent average household income of $117,466.