New 15 Year Absolute NNN Lease Burger King | 4360 National Rd E
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New 15 Year Absolute NNN Lease Burger King 4360 National Rd E
2,180 SF Retail Building Richmond, IN 47374 £1,848,929 (£848/SF) 5.50% Net Initial Yield
Investment Highlights
- Rare Corporate 15 Year Lease Extension
- 7 Figure Remodel Approved
- High Reported Sales
- Zero Landlord Obligations
- 40 Year Operating History
- Located along Dense Retail Corridor - 18,262 VPD
Executive Summary
The Kase Group is pleased to present the opportunity to acquire a Burger
King location in Richmond, Indiana featuring a brand new 15 year absolute
NNN lease. The lease calls for zero landlord obligations and is corporately
guaranteed by Burger King with 10% increases every 5 years and three, 5-year
options for renewal. This top performing location benefits from its
positioning along a dense retail corridor with exposure to 18,262 vehicles
along E Main Street and nearby Highway 70, which carries over 39,000
vehicles per day. The site sits adjacent to a 392,572 square feet mall
anchored by Dillard’s and Dunham Sports and also nearby a Walmart
Supercenter. Surrounding tenants include Subway, Goodwill Store, Applebee’s
Grill + Bar, Hobby Lobby, Buffalo Wild Wings, Olive Garden Italian, Chili’s Grill &
Bar, Kohl’s, Starbucks, Planet Fitness, Menards, Big Lots, Kroger & more.
In Association with Scott Reid & ParaSell, Inc. | A Licensed
Indiana Broker #RC51900187
King location in Richmond, Indiana featuring a brand new 15 year absolute
NNN lease. The lease calls for zero landlord obligations and is corporately
guaranteed by Burger King with 10% increases every 5 years and three, 5-year
options for renewal. This top performing location benefits from its
positioning along a dense retail corridor with exposure to 18,262 vehicles
along E Main Street and nearby Highway 70, which carries over 39,000
vehicles per day. The site sits adjacent to a 392,572 square feet mall
anchored by Dillard’s and Dunham Sports and also nearby a Walmart
Supercenter. Surrounding tenants include Subway, Goodwill Store, Applebee’s
Grill + Bar, Hobby Lobby, Buffalo Wild Wings, Olive Garden Italian, Chili’s Grill &
Bar, Kohl’s, Starbucks, Planet Fitness, Menards, Big Lots, Kroger & more.
In Association with Scott Reid & ParaSell, Inc. | A Licensed
Indiana Broker #RC51900187
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,180 SF
Building Class
C
Year Built
2006
Price
£1,848,929
Price Per SF
£848
Net Initial Yield
5.50%
NOI
£101,719
Tenancy
Single
Number of Floors
1
Building FAR
0.06
Lot Size
0.81 AC
Zoning
ZO01
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 89-16-35-340-105.000-030 | Improvements Assessment | £237,004 |
| Land Assessment | £239,508 | Total Assessment | £476,512 |
PROPERTY TAXES
Parcel Number
89-16-35-340-105.000-030
Land Assessment
£239,508
Improvements Assessment
£237,004
Total Assessment
£476,512
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New 15 Year Absolute NNN Lease Burger King | 4360 National Rd E
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