Burger King - Net Lease Property for Sale
Spartanburg, SC
Key Investment Metrics
Price
$1,522,268
Cap Rate
6.3%
Net Operating Income
$96,664
Building Size
3010 SF
Lot Size
3,010 SF
Land Area
48,545 Acres
Remaining Term
5.3 years
Lease Expiration
08/31/2031
Lease Term
25.9 years
Lease Commencement
10/14/2005
Lease Type
Absolute NNN
Year Built
N/A
Tenancy
Single
About This Burger King Net Lease Property
This Burger King NNN (triple net lease) property is located in Spartanburg, SC and represents an excellent investment opportunity for commercial real estate investors. The property features 3010 square feet of building space.
With a cap rate of 6.3%, this Burger King net lease property offers stable income potential. The asking price is $1,522,268, 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.
Spartanburg, SC Market Overview
Located in Spartanburg, SC, this Burger King property benefits from strong local demographics and market fundamentals. The Spartanburg area offers excellent visibility and accessibility, making it an ideal location for Burger King operations and a solid investment for net lease property buyers.