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Burger King 2650 S 9th St

4,212 SF Retail Building Salina, KS 67401 £1,613,812 (£383/SF) 6.50% Net Initial Yield

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Investment Highlights

New 20-Year Lease Signed in 2016
19,000+ Average Vehicle Per Day Traffic Counts
$79,000 Average Household Income Within 1-Mile

Absolute NNN Lease
47,000+ Population Within 5-Miles
Located less than 2.5 miles from Salina Regional Airport

Executive Summary

Embree Capital Markets Group is pleased to offer for sale to qualified investors a unique Burger King asset located in Salina, KS. This is an opportunity for an investor to acquire a well-located QSR asset in a desirable Kansas geography. The subject property was remodeled in 2017 after a new 20-year lease was signed by the tenant. There’s currently 12-years remaining on the lease term with the next scheduled 7.50% rent increase occurring in July 2026 (~2 Years). The Absolute NNN Lease features 7.50% rental increases every 5-years during the base term and option periods. The operations were recently taken over by Kansas King Inc, who acquired 16 Burger King locations in Kansas (11) and Nebraska (5). Kansas King is made up of seasoned professionals with over 40 years of combined QSR experience. The Director of Operations has over 27 years of experience with Burger King and currently oversees 20 restaurant locations, 3 district managers, and approximately 350 team members.
In addition, Salina Regional Airport is located less than 2.5 miles away form the subject property. The public airport has over 80,000 air traffic in 2024, as of July 2024, up from 68,262 in 2023. There was a total of 20,252 enplanements in 2023 with an average of 18,341 each year over the past 5 years.

The subject property is listed in conjunction with Kansas broker Brian Brockman with Bang Realty-Kansas (License #239819).

Burger King - Salina, KS - OM V24

Property Facts

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Fast Food

Building Size

4,212 SF

Building Class

Year Built/Renovated

1997/2017

Price

£1,613,812

Price Per SF

£383

Net Initial Yield

6.50%

NOI

£104,843

Tenancy

Single

Number of Floors

Building FAR

0.14

Lot Size

0.68 AC

Parking

32 Spaces (7.6 Spaces per 1,000 SF Leased)

Frontage

242 ft on S 9th St

Amenities

Signage

Drive Thru

MAJOR TENANTS

Accommodation and Food Services
4,212 SF
£24.71
NNN
Jun 2036

Every day, guests visit Burger King restaurants around the world. And they do so because Burger King restaurants are known for serving high-quality, great-tasting, and affordable food. Founded in 1954, Burger King is the second largest fast food hamburger chain in the world. The original Home of the Whopper, their commitment to premium ingredients, signature recipes, and family-friendly dining experiences is what has defined the brand for years.