Burger King Absolute NNN Ground
For Sale
Contact for pricing
40545 US Highway 19 North, Tarpon Springs, FL 34689
Recently constructed restaurant leased under a long-term absolute NNN structure.
Property Size3,140 SF
Days on Market146
Property Features for 40545 US Highway 19 North
General Information
Standard status
Active
Size
3,140 SF
Property subtype
Retail
Occupancy
100%
Site & Location
Corner Location
Yes
Traffic Count
76,500 vehicles/day
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
2018
Tenancy
Single
Listing Agency:
Colliers - San Diego - Carlsbad, California
Listed By:
Jay Patel · License #01512624
Source:
Crexi
Added: Apr 10
Changed: Aug 31
Last Checked: Aug 29 at 3:12PM
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 Colliers - San Diego - Carlsbad, California
Investment Insights
Based on property information with market context.
This Burger King ground lease includes a 3,140-square-foot restaurant completed in January 2018. The property is leased to BRAVOTAMPA, LLC, a subsidiary of Quality Dining Inc., under an absolute NNN structure with a 15-year base term and five 5-year renewal options. Contractual rent increases are set at 10% every five years during both the initial term and option periods.
The restaurant occupies the signalized hard corner of US Highway 19 and Lake Street, with reported traffic of 76,500 VPD on US Highway 19. A new 16,500-square-foot retail development is adjacent, and surrounding national retailers include McDonald’s, Chili’s, Wal-Mart, Starbucks, Publix, and Lowe’s. The property is located in Tarpon Springs, Florida, within the Tampa Bay MSA.
The restaurant occupies the signalized hard corner of US Highway 19 and Lake Street, with reported traffic of 76,500 VPD on US Highway 19. A new 16,500-square-foot retail development is adjacent, and surrounding national retailers include McDonald’s, Chili’s, Wal-Mart, Starbucks, Publix, and Lowe’s. The property is located in Tarpon Springs, Florida, within the Tampa Bay MSA.
Key Highlights
- 3,140 SF Burger King restaurant completed in January 2018
- Absolute NNN ground lease with a 15‑year base term
- Five 5‑year renewal options
Property Analytics
Property Profile
Current Use
Lease Details
76,500 VPD
Traffic count
100%
Occupancy
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
834
Businesses Nearby
30k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 97%
Home Improvements & Furnishings 3%
Burger King
Dining
10,122 visits/mo
0.1 miles
Dunkin' Donuts
Dining
7,461 visits/mo
0.4 miles
IHOP
Dining
6,269 visits/mo
0.1 miles
Firehouse Subs
Dining
1,889 visits/mo
0.1 miles
Westshore Pizza
Dining
1,669 visits/mo
0.0 miles
Demographics for 34689, FL
27,436
Population
14,193
Households
1.9
Avg Household Size
53
Median Age
32%
College-Educated
93%
High-School Grad
10.6 sq mi
ZIP Area
2,588
Density / Sq Mi
$66,523
Median Household Income
$45,294
Median Earnings
$1,207
Median Rent
$311,500
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?
NNN property - Recently constructed restaurant leased under a long-term absolute NNN structure.
Where is this nnn property located?
The property is located at 40545 US Highway 19 North Tarpon Springs, FL.
What are key features of this property?
This property features: 3,140 SF Burger King restaurant completed in January 2018; Absolute NNN ground lease with a 15‑year base term; Five 5‑year renewal options
