Triple-Net Burger King
1214 N Locust Ave Lawrenceburg, TN 38464
For Sale
Contact for pricing
Single-tenant Burger King restaurant on an absolute triple-net basis with a recently renovated building and long-term lease.
Property Size2,800 SF
Lot Size0.66 Acres
Days on Market104
Property Features for 1214 N Locust Ave
General Information
- Standard status
- Active
- Size
- 2,800 SF
- Lot size
- 0.66 Acres
- Property subtype
- Retail
Listing Agency:
Franklin Street
Listed By:
Justin Sturdivant · License #TN 333989
Source:
Crexi
Added: Apr 11
Changed: Jul 23
Last Checked: Jul 23 at 2:50PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Franklin Street
Investment Insights
Based on property information with market context.
This single-tenant Burger King restaurant is offered on an absolute triple-net basis. The property includes an approximately 0.66-acre site improved with a 2,800-square-foot building. Built in 1986, the restaurant underwent a complete renovation in 2018.
The offering includes a new 20-year NNN lease to be signed at closing with a 43-unit Burger King franchisee. The franchisee has been a Burger King operator for more than a decade. Annual base rent is set at $91,400 with 10% rental increases every five years, along with four additional five-year renewal options.
The public remarks also note that the franchisee’s operations CEO passed away in 2022, and a restructuring officer was appointed shortly thereafter. The remarks state that all 43 units are expected to be offered for sale to another operator within the next 12 months.
The offering includes a new 20-year NNN lease to be signed at closing with a 43-unit Burger King franchisee. The franchisee has been a Burger King operator for more than a decade. Annual base rent is set at $91,400 with 10% rental increases every five years, along with four additional five-year renewal options.
The public remarks also note that the franchisee’s operations CEO passed away in 2022, and a restructuring officer was appointed shortly thereafter. The remarks state that all 43 units are expected to be offered for sale to another operator within the next 12 months.
Key Highlights
- Single‑tenant Burger King restaurant investment on an absolute triple‑net (NNN) basis
- Approximately 0.66‑acre site improved with a 2,800 SF building built in 1986
- Completed renovation in 2018
Property Analytics
Location Intelligence
Current Use by Public Records
Burger King
Restaurant
FAQs
What type of property is this?
NNN property - Single-tenant Burger King restaurant on an absolute triple-net basis with a recently renovated building and long-term lease.
Where is this nnn property located?
The property is located at 1214 N Locust Ave Lawrenceburg, TN.
What are key features of this property?
This property features: Single‑tenant Burger King restaurant investment on an absolute triple‑net (NNN) basis; Approximately 0.66‑acre site improved with a 2,800 SF building built in 1986; Completed renovation in 2018
