Burger King

Highlights:

• LONGER TERM LEASE - There are 8+ years remaining on the initial term of the lease, followed by Four, 5-year options.
• ZERO LANDLORD RESPONSIBILITIES - Absolute NNN Lease. Ideal for Investors not Local to the Market or looking for a "hands off" investment.
• ​UNIVERSITY LOCATION - The property is excellently located across the street from LSU-Shreveport, which has annual enrollment just under 9,000 students in the Shreveport-Bossier City metropolitan area.
• ​RENTAL INCREASES - 5% Rental increases every five years during the base term and following option periods.
• ​STRONG FRANCHISEE - 1,000+ Unit operator, Carrol's Restaurant Group, Inc is the Largest Burger King Operator in the Nation. 2021 marks Carrol's 61st year in the business.
• ESSENTIAL AMAZON PROOF BUSINESS - The subject property has a double drive-thru and remained open throughout the mandatory stay-at-home orders given by the government as a result of the Covid-19 pandemic.

Description:

Prime Net Lease is pleased to exclusively offer a 2,887-square-foot Burger King situated on 0.82 acres in Shreveport, Louisiana. Burger King’s 15-year absolute NNN lease with 5% rent escalations every 5 years commenced in August 2017. The location is operated by Carrols Restaurant Group (NASDAQ: TAST), one of the largest Restaurant Companies and Franchises in the United States with over 1,000 restaurants. The lease is guaranteed by Carrols subsidiary CFH LLC, which has 200+ units.

The property is located with excellent access and visibility on Youree Drive (Traffic Count: 22,000 VPD), which is a main thoroughfare for the region and provides direct access to Downtown Shreveport (8.5 miles to the north). The property is located across Youree Drive from a critical mass of single family and multifamily homes. Burger King benefits from its location within the area’s premier retail and commercial corridor with 5 Million SF of retail, 1.6 Million SF of industrial and 5,319 multifamily units within a 3-mile radius. Other retailers with a presence in the immediate vicinity include Walmart Supercenter, Sam’s Club, Lowe’s, Target, Belk, Dick’s Sporting Goods, Hobby Lobby, Kohl’s, Ashley Furniture, PetSmart, Belk, JC Penny, Petco, Whole Foods, Kroger, World Market, Pier 1 Imports, Bed Bath & Beyond, Bath & Body Works, Office Depot, Marshalls, and Best Buy among many others.

Further, the property benefits from its location near some of the area’s main points of interest including 4,383-student Louisianan State University – Shreveport (0.5 miles northeast), 154-bed Christus Shreveport-Bossier Health System (1-mile northwest), and the 119-bed WK Pierremont Health Center allowing for a high traffic volume and a substantial built-in customer base.


Prime Net Lease is pleased to exclusively offer a 2,887-square-foot Burger King situated on 0.82 acres in Shreveport, Louisiana. Burger King’s 15-year absolute NNN lease with 5% rent escalations every 5 years commenced in August 2017. The location is operated by Carrols Restaurant Group (NASDAQ: TAST), one of the largest Restaurant Companies and Franchises in the United States with over 1,000 restaurants. The lease is guaranteed by Carrols subsidiary CFH LLC with has 200+ units.

The property is located with excellent access and visibility on Youree Drive (Traffic Count: 16,000 VPD), which is a main thoroughfare for the region and provides direct access to Downtown Shreveport (8.5 miles to the north). The property is located across Youree Drive from a critical mass of single family and multifamily homes. Burger King benefits from its location within the area’s premier retail and commercial corridor with 5 Million SF of retail, 1.6 Million SF of industrial and 5,319 multifamily units within a 3-mile radius. Other retailers with a presence in the immediate vicinity include Walmart Supercenter, Sam’s Club, Lowe’s, Target, Belk, Dick’s Sporting Goods, Hobby Lobby, Kohl’s, Ashley Furniture, PetSmart, Belk, JC Penny, Petco, Whole Foods, Kroger, World Market, Pier 1 Imports, Bed Bath & Beyond, Bath & Body Works, Office Depot, Marshalls, and Best Buy among many others. Further, the property benefits from its location near some of the area’s main points of interest including 4,383-student Louisianan State University – Shreveport (0.5 miles northeast), 154-bed Christus Shreveport-Bossier Health System (1-mile northwest), and the 119-bed WK Pierremont Health Center allowing for a high traffic volume and a substantial built-in customer base.

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