Burger King - Net Lease Property for Sale
Knoxville, TN
Key Investment Metrics
Price
$1,845,949
Cap Rate
5.8%
Net Operating Income
$107,988
Building Size
3440 SF
Lot Size
3,440 SF
Land Area
1.16 Acres
Remaining Term
10.5 years
Lease Expiration
07/11/2036
Lease Term
20 years
Lease Commencement
07/11/2016
Lease Type
Absolute NNN
Tenant Credit
Corporate Guarantee
Year Built
1986
Occupancy
100%
Tenancy
Single
Rent Increases
1% Annual Increases Starting In Year 11, 5% in Each Option
About This Burger King Net Lease Property
This Burger King NNN (triple net lease) property is located in Knoxville, TN and represents an excellent investment opportunity for commercial real estate investors. The property features 3440 square feet of building space and was built in 1986.
With a cap rate of 5.8%, this Burger King net lease property offers stable income potential. The asking price is $1,845,949, making it an attractive option for 1031 exchange investors seeking quality Burger King commercial properties.
Why Invest in Burger King NNN Properties?
- Stable Income: Burger King net lease properties provide predictable cash flow with minimal landlord responsibilities.
- Strong Tenant: Burger King is a nationally recognized brand with proven operational success.
- 1031 Exchange Eligible: This property qualifies for 1031 tax-deferred exchanges, allowing investors to defer capital gains taxes.
- Triple Net Lease: The tenant is responsible for property taxes, insurance, and maintenance, reducing landlord obligations.
Knoxville, TN Market Overview
Located in Knoxville, TN, this Burger King property benefits from strong local demographics and market fundamentals. The Knoxville area offers excellent visibility and accessibility, making it an ideal location for Burger King operations and a solid investment for net lease property buyers.