Burger King for Sale in Hardinsburg, KY
Hardinsburg, KY
Key Investment Metrics
Price
$1,632,000
Cap Rate
6.3%
Net Operating Income
$102,000
Building Size
3161 SF
Land Area
1.16 Acres
Remaining Term
20 years
Lease Term
20 years
Lease Type
Absolute NNN
Tenant Credit
Franchisee
Year Built
2004
Tenancy
Single
Rent Increases
10% every 5 years
Property overview
Burger King in Hardinsburg
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 3,161 SF
- Land area
- 1.16 acres
- Year built
- 2004
- Lease type
- Absolute NNN
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.