7843 Brewerton Rd Cicero, NY 13039
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High-return Burger King investment. Strong lease terms.
Property size:
3,601 SFProperty Features for 7843 Brewerton Rd
General Information
- Property type
- Restaurants
- Square Feet
- 3,601 SF
- Class
- A
- Lot Size
- 43,996 SF
Building Details
- Year Built/Renovated
- 1986/2015
Listing Agent: Stuart Frankel
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional investment opportunity presents a fee-simple, absolute NNN leased Burger King property located at 7843 Brewerton Rd, Cicero, NY 13039. The property, built in 1986 and renovated in 2015, sits on a 1.01-acre lot and encompasses 3,601 square feet. A new 15.9-year lease commenced July 1st, 2024, and expires May 31st, 2040, with a remaining term of 15.5 years. The current annual rent is $100,000, with a 10% rent increase every five years. The lease is backed by a corporate guarantee from Carrols Corp, recently acquired by Restaurant Brands International (RBI), ensuring financial stability. The property boasts a 5.00% cap rate and a price per square foot of $555.40, totaling an asking price of $2,000,000. The property's strategic location, just off Interstates 481 and 81, at a traffic light regulated intersection with a bus stop, and across from a Lowe's and Price Chopper anchored shopping center, ensures high visibility and accessibility. The property is 100% occupied and offers four five-year lease options. This is a prime opportunity for 1031 exchange investors seeking a stable, high-yielding investment with significant long-term potential. The building's value is depreciable for tax purposes.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Burger King
Restaurant
Location Insight
- Map
- Local Demand
- City
- Cicero
- County
- Onondaga
- State
- New York
- Longitude
- -76.12589336302
- Latitude
- 43.148885491198
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FAQs
What type of property is this?
Restaurant - High-return Burger King investment. Strong lease terms.
Where is this restaurant located?
The property is located at 7843 Brewerton Rd Cicero, NY.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Absolute NNN lease.; Fee simple ownership; building value is depreciable.; Corporate guarantee from Carrols Corp, a Restaurant Brands International subsidiary.