26383 Main St Ardmore, TN 38449-3299

This exceptional investment opportunity presents a 3,450 square foot Burger King located at 26383 Main St, Ardmore, Tennessee, 38449. The property sits on a 0.9-acre lot and boasts a strong 14-year remaining lease term (expiring 10/31/2038) with a corporate guarantee. Built in 2005 and renovated in 2016, this single-tenant, triple-net (NNN) leased property offers zero landlord responsibilities. The current annual net operating income (NOI) is $99,402, representing a 6.00% cap rate on the $1,656,708 asking price ($480.21/sq ft). The lease includes attractive 5% rental increases every five years throughout the base term and any renewal options. This is a compelling investment opportunity due to the strong tenant, long lease term, and built-in rent escalations. The property's location in Ardmore, Giles County, Tennessee provides excellent visibility and access. This is a turnkey investment with minimal management requirements. The lease commenced on October 30, 2018.