Burger King for Sale in Springfield, OR
Springfield, OR
Key Investment Metrics
Price
$2,035,533
Cap Rate
6.0%
Net Operating Income
$122,132
Building Size
2932 SF
Land Area
0.57 Acres
Remaining Term
15.1 years
Lease Expiration
06/30/2041
Lease Term
20 years
Lease Commencement
06/01/2021
Lease Type
NNN
Tenant Credit
Franchisee
Year Built
1976
Occupancy
100%
Tenancy
Single
Rent Increases
1.50% Annually Starting July 2027
Property overview
Burger King in Springfield
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 2,932 SF
- Land area
- 0.57 acres
- Year built
- 1976
- Lease type
- NNN
- Lease expiration
- 06/30/2041
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.