Absolute Triple-Net Burger King
For Sale
Contact for pricing
100 Peter Ln, New Hope, AL 35760
Single-tenant Burger King restaurant built in 2018 with a new 20-year NNN lease.
Property Size3,470 SF
Lot Size1.20 Acres
Days on Market121
Property Features for 100 Peter Ln
General Information
Standard status
Active
Size
3,470 SF
Lot size
1.20 Acres
Property subtype
Retail
Building Details
Year Built
2018
Tenancy
Single
Listing Agency:
Franklin Street
Listed By:
Justin Sturdivant · License #TN 333989
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 21 at 3:08AM
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.
Marcus & Millichap presents an absolute triple-net, single-tenant Burger King restaurant investment for sale in New Hope, AL. The property includes an approximately 3,470-square-foot building on approximately 1.20 acres. The restaurant was built in 2018.
The sale includes a brand-new 20-year NNN lease to be signed at closing with a Burger King franchisee operating 43 units. The franchisee has been a Burger King operator for more than a decade. Annual base rent is set at $80,000 with 10% rental increases every five years, along with four, five-year renewal options.
Following the CEO of operations’ passing in 2022, a restructuring officer was put in place shortly thereafter. The restructuring officer indicates the entire 43-unit portfolio will be marketed for sale to another operator within the next 12 months.
The sale includes a brand-new 20-year NNN lease to be signed at closing with a Burger King franchisee operating 43 units. The franchisee has been a Burger King operator for more than a decade. Annual base rent is set at $80,000 with 10% rental increases every five years, along with four, five-year renewal options.
Following the CEO of operations’ passing in 2022, a restructuring officer was put in place shortly thereafter. The restructuring officer indicates the entire 43-unit portfolio will be marketed for sale to another operator within the next 12 months.
Key Highlights
- Single‑tenant Burger King restaurant investment in New Hope, AL on approximately 1.20 acres
- 3,470 SF building built in 2018
- Brand new 20‑year NNN lease to be signed at closing with a 43‑unit Burger King franchisee
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
106
Businesses Nearby
24k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 53%
Dining 47%
Dollar General
Shops & Services
9,904 visits/mo
0.3 miles
Burger King
Dining
6,008 visits/mo
0.1 miles
Hardee's
Dining
5,246 visits/mo
0.2 miles
O'Reilly Auto Parts
Shops & Services
1,802 visits/mo
0.1 miles
Cadence Bank
Shops & Services
997 visits/mo
0.3 miles
Demographics for 35760, AL
5,186
Population
1,935
Households
2.7
Avg Household Size
42
Median Age
28%
College-Educated
90%
High-School Grad
50.7 sq mi
ZIP Area
102
Density / Sq Mi
$66,346
Median Household Income
$50,711
Median Earnings
$790
Median Rent
$164,500
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Single-tenant Burger King restaurant built in 2018 with a new 20-year NNN lease.
Where is this conventional restaurant located?
The property is located at 100 Peter Ln New Hope, AL.
What are key features of this property?
This property features: Single‑tenant Burger King restaurant investment in New Hope, AL on approximately 1.20 acres; 3,470 SF building built in 2018; Brand new 20‑year NNN lease to be signed at closing with a 43‑unit Burger King franchisee
