Asking Price
NOI Net Operating Income
Cap Rate
Asking Price
NOI Net Operating Income
Cap Rate

Documents

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Key facts

Building Area
Land Area ()

Property description

Jones Lang LaSalle (“JLL”) Capital Markets, Net Lease is pleased to exclusively offer a premier net lease opportunity to acquire a single tenant Burger King located in Winter Springs, Florida, in the Orlando MSA – the 3rd fastest growing metro area in the United States over the last decade. This corporate Burger King pays an easy-to-replicate-rent of $106,400 with favorable 12% rent increases—the next increase occurs shortly in 2024. Nearly 40,000 vehicles pass by the property every day and Burger King shares the “going-home” side of Red Bug Lake Road with a Publix ranking in the top 20% of Florida locations based on visitor count. Over 79,000 people live within 3 miles of the property and the average household income in Winter Springs exceeds $105,000.  


Investment highlights

FLORIDA QSR WITH DRIVE-THRU AND LOW RENT

CORPORATE TENANT – WORLD’S 2nd LARGEST BURGER CHAIN

EXCEPTIONAL 12% RENT INCREASES – NEXT ONE OCCURRING IN 2024

8 YEARS OF LEASE TERM REMAINING AND ONLY ONE RENEWAL OPTION

ON THE “GOING-HOME” SIDE OF THE ROAD WITH A TOP PUBLIX

SIX-FIGURE HOUSEHOLD INCOMES IN THE ORLANDO SUBMARKET

ORLANDO: FASTEST GROWING MSA IN FLORIDA

Last Updated Date: 22 Jul 2021
Michael Brewster
Michael Brewster
Director, Capital Markets
Broker Licenses
FL-SL3280018
Whitaker Leonhardt
Whitaker Leonhardt
Senior Director, Capital Markets
Broker Licenses
FL-SL3221137

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Last Updated Date: 22 Jul 2021

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