Burger King
3,350 SF | Retail Building | Ardmore, TN 38449 | $1,656,708 ($495/SF) | 6% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $1,656,708
- Property Type
-
Retail
- Square Feet
- 3,350 SF
- Price / Square Foot
- $495
Listing Contacts
Glen Kunofsky
Verified Profile
Matthew Anuszkiewicz
Verified Profile
Howie Curd
Verified Profile
Patrick Finn
Verified Profile
- Property Info
Property Overview
NNN Pro Group is pleased to present the exclusive listing for a Burger King located at 26383 Main St, Ardmore TN. The site consists of roughly 3,450 rentable square feet of building space on an estimated 0.9-acre parcel of land. This investment opportunity features an existing fifteen (15) year lease term with zero landlord responsibilities and is subject to four (4), five (5) year tenant renewal options. The current rent annual rent is $99,402 and is scheduled to increase by five percent (5%) every five (5) years throughout the base term and option periods.
Property Details
- Class
- C
- Year Built
- 2005
- Stories
- 1
- Property Subtype
- Storefront
- Lot Size (sq. ft)
- 37,026 SF
Highlights
- Existing 15 Year Lease Term
- Corporate Tenant Credit
- Triple Net (NNN) Lease with Zero Landlord Responsibilities
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