Burger King for Sale in Philadelphia, PA
Philadelphia, PA
Key Investment Metrics
Price
$2,900,000
Cap Rate
5.0%
Net Operating Income
$146,018
Building Size
4201 SF
Land Area
0.09 Acres
Remaining Term
14.1 years
Lease Expiration
08/12/2040
Lease Term
15.5 years
Lease Commencement
02/12/2025
Lease Type
Absolute NNN
Tenant Credit
Corporate Guarantee
Year Built
N/A
Occupancy
100%
Tenancy
Single
Rent Increases
10% Every 5 Years
Property overview
Burger King in Philadelphia
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 4,201 SF
- Land area
- 0.09 acres
- Lease type
- Absolute NNN
- Lease expiration
- 08/12/2040
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.