216-226 Pleasant Valley Blvd, Altoona, PA 16602
2,905 SF | 100% Leased | Retail Building | Altoona, PA 16602 | $1,998,034 ($688/SF) | 5.95% Cap Rate
Asking Price $1,998,034
- Property Type
-
Retail, Restaurant
- Square Feet
- 2,905 SF
- Price / Square Foot
- $688
Listing Contacts
- Property Info
Property Overview
NNN Pro is pleased to present the exclusive listing for a Burger King located at 216-226 E. Pleasant Valley Boulevard, Altoona, PA 16603. The site consists of roughly 2,905 rentable square feet of building space on an estimated 0.71-acre parcel of land. This Burger King is subject to a 15-year Triple Net (NNN) lease, which commenced 1/1/2019. The current annual rent is $118,883 and has scheduled increases of 1.00% Annually.
Property Details
- Year Built
- 1980
- Stories
- 1
- Lot Size (sq. ft)
- 30,928 SF
Highlights
- Long Term NNN Lease - Original 15 Year Lease With Approximately 11 Years Remaining
- Attractive Rental Increases and Renewal Options - 1.00% Percent Increases Occuring Annually With 5, 5-Year Options
- Strong Franchisee Guarantee - Guaranteed by Carrols LLC, who is the Largest Burger King Franchisee With Over 1,110 Units
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