Burger King for Sale in La Vale, MD
La Vale, MD
Key Investment Metrics
Price
$1,765,725
Cap Rate
5.8%
Net Operating Income
$101,529
Building Size
3211 SF
Land Area
3.84 Acres
Remaining Term
14 years
Lease Expiration
06/29/2040
Lease Term
25.6 years
Lease Commencement
12/08/2014
Lease Type
NNN
Year Built
1974
Occupancy
100%
Tenancy
Single
Rent Increases
Annual CPI Increases (Uncapped with Floor)
Property overview
Burger King in La Vale
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 3,211 SF
- Land area
- 3.84 acres
- Year built
- 1974
- Lease type
- NNN
- Lease expiration
- 06/29/2040
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.