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Burger King (Wharton, TX)
123 W Boling Hwy,
Wharton, TX 77488

Price: $2,510,000

CAP Rate: 5.5% 

Leasable Area: 4,371 SF

Status: Sold
Lease Type: Absolute Triple Net (NNN)
Lease Term Remaining: 20 Years from COE
Guarantee: Personal ($36+ Million Net Worth)
NOI: $138,000 / Year
Investment Highlights
  • 20 Year Absolute Triple Net (NNN) Lease with Zero Landlord Responsibilities | Management Free Real Estate Income deal for 1031 Exchange Buyer
  • Brand New Construction on Signalized Hard Corner | Positioned along a major retail corridor 
  • Attractive Annual Increases | Lease Structure allows for annual increases in rent by 1.5%
  • Four (4) Tenant Renewal Periods of Five (5) Years Each
  • Successful Operator of 10+ Units | Experienced Operator ensures safety and security of the operations
  • Traffic Exceeding: 18,000 Cars Per Day (VPD) 
  • Surrounding Nationally Recognized Neighboring Tenants | Pizza Hut, McDonald's, Jack in the Box, Whataburger, Church's Chicken, AutoZone, O'Reilly's, Little Caesar's Pizza, Dairy Queen and others
  • Top Employers in Area | Procter & Gamble, Schlumberger, Sherwin Williams, Arrow, Unilever, Coca-Cola.

Lead Agent: 


Neil Naran

Phone:  (909) 456-3476

Mobile: (949) 842-9202

Email: Neil.Naran@Marcusmillichap.com

Lic. # 02025512