Burger King 3770 Ulmerton Rd

Colliers, as exclusive broker, is pleased to offer the opportunity to acquire Burger King (the “Property”) in Clearwater, Florida, in the most densely populated county in Florida, paying an ultra-low ground rent of $85,600 per year. The franchisee re-built their store from the ground up in 2019 on the hard corner lot at a lighted intersection just 900 feet south of the St. Pete-Clearwater Airport where nearly 86,000 vehicles per day drive on Ulmerton Rd. 2.5 million passengers traveled through the airport in 2023 and traffic is up 10.4% since 2019. Pinellas County had 15.8 million visitors in 2023. Tenant is approaching 40 years of business at this location and tenant sales result in a healthy 7.5% rent-to-sales ratio. The job base and access to transportation routes results in 104,000 people in a 10-minute drive time and a daytime population of 93,000 in 3 miles. Ulmerton Rd connects to the busiest bridge in the Tampa MSA which carries over 141,000 vehicles per day.