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Burger King - Aberdeen, SD 908 6th Ave SE

3,530 SF Retail Building Aberdeen, SD 57401 £1,650,216 (£467/SF) 6% Net Initial Yield

Investment Highlights

  • This Burger King Location Benefits From Strong Personal Guarantees From Two Experienced Operators With a Proven Track Record
  • The Property Features a 13-Year Absolute NNN Lease, Offering True Passive Income With Zero Landlord Responsibilities
  • The Property is Located Just Minutes From Northern State University, Which Enrolls Over 3,500 Students
  • As Part of The Globally Recognized Burger King Brand, This Location Benefits From Burger King's International Market Presence
  • Situated At 908 Sixth Avenue SE, This Burger King is Positioned on One of Aberdeen's Main Commercial Corridors
  • This Burger King is Surrounded By a Mix of National Retailers, Including Walmart, Target and Menards Etc.

Executive Summary

Sands Investment Group is Pleased to Exclusively Offer For Sale the 3,530 SF Burger King Located at 908 6th Avenue SouthEast in Aberdeen, SD. This Deal Includes a 13-Year Absolute NNN Lease With Annual Percentage Rent Increases, Strong Dual Personal Guarantees and Zero Landlord Responsibilities; These Guarantees Provide a High level of Security For Investors, Ensuring Long-Term Stability, Providing For a Secure Investment.

In Cooperation With ParaSell, Inc. , A Licensed South Dakota Broker - Lic. #SD #15266 BoR: Scott Reid - Lic. SD #15266

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,530 SF
Building Class
C
Year Built/Renovated
1976/2012
Price
£1,650,216
Price Per SF
£467
Net Initial Yield
6%
NOI
£99,012
Tenancy
Single
Number of Floors
1
Building FAR
0.11
Land Acres
0.72 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning
Commercial, Brown
Frontage
97 ft on 6th Ave SE

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease End
  • Burger King
  • Accommodation and Food Services
  • 3,530 SF
  • £28.08
  • Dec 2037
Tenant Industry SF OCCUPIED RENT/SF Lease End
Burger King Accommodation and Food Services 3,530 SF £28.08 Dec 2037

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Walk Score ®
Very Walkable (78)
Bike Score ®
Very Bikeable (84)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number 16365 Improvements Assessment £236,118
Land Assessment £246,484 Total Assessment £482,601

PROPERTY TAXES

Parcel Number
16365
Land Assessment
£246,484
Improvements Assessment
£236,118
Total Assessment
£482,601
(310) 558-2029

  • Listing ID: 33557599

  • Date on Market: 18/10/2024

  • Last Updated:

  • Address: 908 6th Ave SE, Aberdeen, SD 57401

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Burger King - Aberdeen, SD | 908 6th Ave SE
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Tyler McGarry

(310) 558-2029

(310) 558-2029

Adam Scherr

(310) 853-1266

(310) 853-1266

Jonathan Silver

(844) 474-4666

(844) 474-4666

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