Burger King 3 Clarksburg Rd 3,969 SF Retail Building Buckhannon, WV $3,033,700 ($764/SF) 5.90% Cap Rate

Burger King 3 Clarksburg Rd 3,969 SF Retail Building Buckhannon, WV $3,033,700 ($764/SF) 5.90% Cap Rate
 

Investment Highlights

  • Absolute NNN lease single tenant asset located on an oversized 1.14-acre parcel with plentiful parking, pylon signage, and a double drive-thru.
  • Robust reported and above average unit level sales that are growing year over year.
  • The lease is backed by GPS Hospitality, the nation’s 3rd largest Burger King franchisee boasting nearly 400 Burger Kings and $630 million in revenue
  • Zero Landlord Responsibilities.
  • Over 11 years remaining on the current term featuring 7.50% rental increases every 5 years, including four, (5) year option periods.
  • The Walmart shadow anchored asset is positioned just off Highway 33/119 along Clarksburg Road, Buckhannon’s primary north south thoroughfare.

Executive Summary

Bellagio Real Estate Partners, LLC is pleased to present the opportunity to acquire a single-tenant Burger King net leased asset located at 3 Clarksburg Road in Buckhannon, West Virginia. The asset is shadow anchored by a Walmart Supercenter and positioned along Clarksburg Road, also known as Highway 20, the primary north-south thoroughfare in the region that serves all of Buckhannon. The site features a double drive-thru and offers fantastic visibility and accessibility, directly located off US Hwy 33/119, and is located less than one mile from West Virginia Virginia Wesleyan College, and one-half mile from St. Joseph’s Hospital. The immediate trade area includes national tenants such as Lowes, Walmart, Walgreens, AutoZone, Harbor Freight Tools, Buffalo Wild Wings, and Sheetz, among many others.

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Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,969 SF
Building Class
B
Year Built/Renovated
1997/2007
Price
$3,033,700
Price Per SF
$764
Cap Rate
5.90%
NOI
$178,987
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Land Acres
1.01 AC
Zoning
C-2
Parking
65 Spaces (10 Spaces per 1,000 SF Leased)

Walk Score

Property Type

For Sale

Status

Available

Listing Agent

Burger King 3 Clarksburg Rd 3,969 SF Retail Building Buckhannon, WV $3,033,700 ($764/SF) 5.90% Cap Rate

Email

insv@aol.com

Phone

1-304-840-1781