Burger King for Sale in Mountain Grove, MO
Mountain Grove, MO
Key Investment Metrics
Price
$1,567,288
Cap Rate
6.7%
Net Operating Income
$104,284
Building Size
3540 SF
Land Area
1.05 Acres
Remaining Term
11.5 years
Lease Expiration
12/31/2037
Lease Term
20 years
Lease Commencement
02/01/2017
Lease Type
Absolute NNN
Tenant Credit
Franchisee
Year Built
2017
Occupancy
100%
Tenancy
Single
Rent Increases
10% Every 5 Years
Property overview
Burger King in Mountain Grove
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 3,540 SF
- Land area
- 1.05 acres
- Year built
- 2017
- Lease type
- Absolute NNN
- Lease expiration
- 12/31/2037
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.