Burger King for Sale in Phillipsburg, NJ
Phillipsburg, NJ
Key Investment Metrics
Price
$1,635,790
Cap Rate
5.5%
Net Operating Income
$89,968
Building Size
3550 SF
Land Area
1.11 Acres
Remaining Term
14 years
Lease Expiration
06/28/2040
Lease Term
25.6 years
Lease Commencement
12/07/2014
Lease Type
NNN
Tenant Credit
Franchisee
Year Built
1977
Occupancy
100%
Tenancy
Single
Rent Increases
Annual CPI Increases (Uncapped with Floor)
Property overview
Burger King in Phillipsburg
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 3,550 SF
- Land area
- 1.11 acres
- Year built
- 1977
- Lease type
- NNN
- Lease expiration
- 06/28/2040
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.