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503 Ms-16 Carthage, MS

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For Sale
$1,890,625

NNN Burger King with corporate guarantee and annual rent increases.

Property size:
3,063 SF
Lot size:
2.54 Acres

Property Features for 503 Ms-16

General Information

Size
3,063 SF
Lot size
2.54 Acres

Source: NNN Pro Group Agent Glen Kunofsky

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Burger King NNN Investment Opportunity

This offering features a Burger King property located at 4199 Union Rd, Cheektowaga, NY 14225. The property includes a building with approximately 2,809 rentable square feet situated on an estimated 0.85-acre parcel of land. The Burger King is operating under a 20-year Triple Net (NNN) lease, which started on 12/26/2013. The current annual rent is $109,801, with scheduled annual increases of 1.00%. The lease is a long-term triple-net lease, assigning zero landlord responsibilities. The corporate guarantee is provided by Carrols, LLC, the largest Burger King franchisee with over 1,110 units. According to Placer.Ai, this location is a high-performing one, ranking in the top 88th percentile of all Burger Kings, based on estimated consumer foot traffic. There are over 9 years remaining on the lease.
Location Intelligence

Current Use by Public Records

Drive through restaurants

Map

City
Carthage
County
Leake
State
Mississippi
Longitude
-89.5361825
Latitude
32.7326356

FAQs

What type of property is this?
Drive through restaurant - NNN Burger King with corporate guarantee and annual rent increases.
Where is this drive through restaurant located?
The property is located at 503 Ms-16 Carthage, MS.
What is the asking price?
The asking price for this property is $1,890,625.
What are key features of this property?
This property features: - High Performing Location: Ranked in the Top 88th Percentile of all Burger Kings.; - Long-Term NNN Lease: Over 9 years remaining with zero landlord responsibility.; - Corporate Guarantee: Lease guaranteed by Carrols, LLC, the largest Burger King franchisee.
More about this property
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