Cap Rate
5.85%
Gross SQFT
57,063
Year Built
2017
Leasable Area
2,835 SF
Term Remaining
±14.6 YRS
NOI
$141,750
Property Type
Retail
LEAD LISTING AGENT
Kevin Bettinger
Associate
Email
[email protected]
License No.
License No. 02168242 (CA)
Direct
+1 (310) 579-9692
Mobile
+1 (248) 930-9733
ADDITIONAL LISTING AGENT
DEBT FINANCING AGENT
INVESTMENT HIGHLIGHTS
- Established Tenant: The Burger King property for sale in Okatie, South Carolina comes with an established and reputable tenant, Burger King. The site is operated by one of Burger King’s top Franchisees with the 170-unit operator, Premier Kings, on the Lease. As a landlord, you can enjoy the stability of a long-term lease agreement with a recognized brand, ensuring a reliable and consistent rental income stream.
- Absolute Triple Net Lease: The lease agreement with Burger King is structured as an Absolute NNN lease with no Landlord responsibilities.
- Prime Location: The property is strategically located in Okatie, South Carolina, a growing area with a strong local economy. The prime location, along with high visibility and accessibility, makes it an attractive site for Burger King and potential future tenants, increasing the property’s long-term value.
- Steady Cash Flow: Owning a Burger King property can provide a steady cash flow through the rental income generated by the long-term lease. Burger King’s brand recognition, customer loyalty, and consistent business performance contribute to a reliable income stream for the landlord.
- Limited Competition: Burger King’s presence and popularity in the area can deter competitors from opening similar businesses nearby. This reduced competition provides additional security for the landlord and enhances the property’s desirability for potential tenants.
Broker of Record
- Kyle Matthews
- License No. 22684 (SC)
- (866) 889-0550
- Matthews Real Estate Investment Services, Inc
- 1600 West End,
Ste. 1500 Nashville, TN 37203