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BURGER KING
(WHARTON, TX)
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
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20 Year Absolute Triple Net (NNN) Lease with Zero Landlord Responsibilities | Management Free Real Estate Income deal for 1031 Exchange Buyer
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Brand New Construction on Signalized Hard Corner | Positioned along a major retail corridor
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Attractive Annual Increases | Lease Structure allows for annual increases in rent by 1.5%
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Four (4) Tenant Renewal Periods of Five (5) Years Each
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Successful Operator of 10+ Units | Experienced Operator ensures safety and security of the operations
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Traffic Exceeding: 18,000 Cars Per Day (VPD)
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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
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Top Employers in Area | Procter & Gamble, Schlumberger, Sherwin Williams, Arrow, Unilever, Coca-Cola.
Lead Agent:

Neil Naran
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