Burger King for Sale in Hazel Green, AL
Hazel Green, AL
Key Investment Metrics
Price
$2,830,000
Cap Rate
6.0%
Net Operating Income
$169,797
Building Size
3115 SF
Land Area
0.97 Acres
Remaining Term
12.3 years
Lease Expiration
10/31/2038
Lease Term
20 years
Lease Commencement
10/30/2018
Lease Type
Absolute NNN
Tenant Credit
Corporate Guarantee
Year Built
2015
Occupancy
100%
Tenancy
Single
Rent Increases
5% Every 5 years
Property overview
Burger King in Hazel Green
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 3,115 SF
- Land area
- 0.97 acres
- Year built
- 2015
- Lease type
- Absolute NNN
- Lease expiration
- 10/31/2038
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.