Burger King for Sale in Dickinson, ND
Dickinson, ND
Key Investment Metrics
Price
$3,269,565
Cap Rate
5.5%
Net Operating Income
$180,582
Building Size
2448 SF
Land Area
0.48 Acres
Remaining Term
9.6 years
Lease Expiration
07/28/2035
Lease Term
20.0 years
Lease Commencement
07/29/2015
Lease Type
NNN
Year Built
1994
Occupancy
100%
Tenancy
Single
Rent Increases
Yes
Property overview
Burger King in Dickinson
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 2,448 SF
- Land area
- 0.48 acres
- Year built
- 1994
- Lease type
- NNN
- Lease expiration
- 07/28/2035
Confirm current availability, pricing and lease terms through the inquiry form before relying on this listing.
Before you make an offer
Four things to verify
- 1
Lease and guaranty
Request the executed lease and amendments. Identify the legal tenant, guarantor and landlord obligations.
- 2
Income and expenses
Obtain the rent roll and operating statement supporting the advertised NOI and cap rate.
- 3
Property condition
Review survey, title, condition and environmental information relevant to this property.
- 4
Exchange requirements
For a 1031 exchange, confirm eligibility and deadlines with your qualified intermediary and tax adviser.