Triple-Net Burger King
For Sale
Contact for pricing
1214 N Locust Ave, Lawrenceburg, TN 38464
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 Market121
Property Features for 1214 N Locust Ave
General Information
Standard status
Active
Size
2,800 SF
Lot size
0.66 Acres
Property subtype
Retail
Building Details
Year Built
1986
Year Renovated
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 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
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
472
Businesses Nearby
321k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 33%
Shops & Services 21%
Apparel 16%
Groceries 12%
Kroger
Groceries
33,577 visits/mo
0.3 miles
Marshalls
Apparel
29,183 visits/mo
0.1 miles
Big Lots
Superstores
20,138 visits/mo
0.2 miles
Tractor Supply Co.
Home Improvements & Furnishings
15,300 visits/mo
0.2 miles
Zaxby's Chicken Fingers & Buffalo Wings
Dining
15,074 visits/mo
0.4 miles
Demographics for 38464, TN
23,517
Population
10,517
Households
2.2
Avg Household Size
41
Median Age
15%
College-Educated
87%
High-School Grad
270.0 sq mi
ZIP Area
87
Density / Sq Mi
$48,239
Median Household Income
$35,035
Median Earnings
$750
Median Rent
$164,900
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?
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
