Language and Region
Currency

This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.

Email*

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

Send me a copy

913 characters remaining

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

Burger King | 12yrs Remaining Abs NNN | DrThr 8081 S Howell Ave

1,829 SF Retail Building Oak Creek, WI 53154 £1,623,191 (£887/SF) 6.50% Net Initial Yield

.mosaic-column{display:inline-block!important;height:100%!important;width:auto!important}.mosaic-tile i{display:none!important}.mosaic-tile img{height:100%!important;width:auto!important}

INVESTMENT HIGHLIGHTS

12 Years Remaining | Scheduled Rental Increases | Strong Operator | Well-Known & Established Brand
Outparcel to Woodman’s Food Market & Meijer | Strong National/Credit Tenant Presence
Direct Residential Consumer Base

Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
Located Along Howell Avenue | Milwaukee MSA | Drive-Thru Equipped | Excellent Visibility

EXECUTIVE SUMMARY

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN, freestanding, drive-thru equipped, Burger King investment property located in Oak Creek, WI (Milwaukee MSA). The tenant, Cave Enterprises Operations, LLC (dba Burger King) has 12 years of firm term remaining with an additional 4 (5-year) option periods left to extend. The lease features 1% annual rental increases throughout the initial term and options, growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities, making it an ideal, management-free investment opportunity for a passive investor. Founded in 1954, Burger King is among the leading global QSR hamburger chains with over 30,000 restaurants in 120+ countries.

Oak Creek WI - Burger King OM

PROPERTY FACTS

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Fast Food

Building Size

1,829 SF

Building Class

Year Built

2017

Price

£1,623,191

Price Per SF

£887

Net Initial Yield

6.50%

NOI

£105,507

Tenancy

Single

Number of Floors

Building FAR

0.03

Lot Size

1.24 AC

Zoning

B-4 - General Business District

Parking

38 Spaces (20.78 Spaces per 1,000 SF Leased)

Frontage

141 ft on East Susan Drive

AMENITIES

Dedicated Turn Lane
Freeway Visibility

Restaurant
Signage

Signalised Intersection
Drive Thru

Monument Signage

Accommodation and Food Services
99,999 SF
-
Lorem Ipsum
Jan 0000

Burger King is 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 their brand for 70 successful years.