Burger King For Sale, Northwest Region

Property Description

Burger King For Sale

•  Absolute Triple Net Lease

NOI is comprised of base rent of $74,375 at an 7.75% cap ($959,677) plus percentage rent of $22,491 at a 15% cap ($149,940).

Percentage Rent:
8.5% of gross sales in excess of $875,000 (natural breakpoint). Sales for the 12 months ending September 2007 were $1,139,610. 2004 Sales: $893,774 / 2005 Sales: $986,073.

This Burger King is a pad site to a Fred Meyer Marketplace with drive thru pharmacy and a Wal-Mart Supercenter is across the street.

This Burger King franchisee operates 14 Burger King's in one state. In addition, its owner is majority owner of a casual food chain which operates 15 locations in two states and is rapidly growing. This franchisee is also an Applebee's franchisee.

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