ADVISORY AND TRANSACTIONAL SERVICES FOR SELLERS AND INVESTORS

Burger King & Mattress Firm – North Lauderdale, FL – NN Lease

W McNab Road & Avon Lane

ASKING PRICE: $3,940,130
CAP RATE: 6.0%

PROPERTY HIGHLIGHTS:

  • STRATEGICALLY POSITIONED — New construction outparcel to Walmart Supercenter. High traffic counts along McNab Road (44K ADT). Located near Publix & other national retailers. Approximately 2.5 miles from main thoroughfare Florida’s Turnpike with access to I-595 & I-95.
  • STRONG, RECOGNIZED TENANTS — Burger King is the second largest fast food hamburger chain in the world. The Phoenix Organization currently operates 19 Burger King franchise restaurants, with 2 additional locations coming in the next 6–8 months. Mattress Firm has the largest geographic footprint in the U.S (3,600+ locations in 49 states) among multi-brand mattress specialty retailers.
  • QUALITY INVESTMENT — 100% occupied to tenants on new, 10-year leases with built-in rent increases & options. Minimal landlord responsibilities. No state income tax in Florida provides a low tax burden for the investor.
  • LARGE TRADE AREA — Over 479,000 people, with an average household income of $59K+, within five miles of the property. North Lauderdale is a compact city in the center of Broward County and is a suburb of Fort Lauderdale.
  • There are no features available

$3,940,130

6,359 SF

Price:

$3,940,130

Cap Rate:

6.0%

Building Size:

6,359 SF

SF Land Area:

1.20 acres

Current NOI:

$236,408

Lease Type:

NN

Remaining Term:

Ten (10) Years

Status:

Under Contract

CONTACT BROKER

Michael Zimmerman

(919) 391-9901

Brett Sheldon

(919) 391-9903

Download Offering Memorandum
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