This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Burger King | New 20YR NNN Lease | 5.26% Cap 20180 Eva St
4,012 SF Retail Building Montgomery, TX 77356 $4,039,647 CAD ($1,007 CAD/SF) 5.26% Cap Rate
Investment Highlights
- Brand New 20-Year NNN Lease to Commence at Close of Escrow
- Located on Highway 105 W (20,750 Vehicles per Day) – the Main Thoroughfare of Montgomery – in the Kroger and Home Depot Anchored Center
- With Over 19,000 Locations in More Than 100 Countries, Burger King Is One of the Largest Fast-Food Chains in the World, Only Behind McDonald’s in Size
- Attractive Rental Increases | 2% Annually, Including Option Periods
- Situated in a Retail Area With Other Local Tenants Such As Walmart Supercenter, Panda Express, Starbucks, CVS, Chick-fil-A, MOD Pizza, AutoZone and Mo
- The Tenant, Kolhorst Foods, LLC, Operates Twelve (12) Burger King Locations in the Surrounding Region
Executive Summary
This property offers a new 20-year NNN lease set to commence upon escrow closing, providing a hands-off investment opportunity with no landlord responsibilities. The lease includes attractive annual rental increases of 2%, extending into option periods, with four five-year renewal options, potentially bringing the total lease term to 40 years. The tenant, Kolhorst Foods, LLC, operates 12 Burger King locations in the region. Burger King, a global leader in the fast-food industry with over 19,000 locations in more than 100 countries, is renowned for its flame-grilled burgers and signature Whopper sandwich, making this a reliable and established investment opportunity.
Property Facts
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Accommodation and Food Services
- -
- -
- Net
- -
Every day, guests visit Burger King restaurants around the world. And they do so because Burger King restaurants are known for serving high-quality, great-tasting, and affordable food. Founded in 1954, Burger King is the second largest fast food hamburger chain in the world. The original Home of the Whopper, their commitment to premium ingredients, signature recipes, and family-friendly dining experiences is what has defined the brand for years.
Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
Accommodation and Food Services | - | - | Net | - |
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 3014-00-00100 | Improvements Assessment | $1,567,358 CAD |
Land Assessment | $737,478 CAD | Total Assessment | $2,304,836 CAD |
PROPERTY TAXES
Presented by
Burger King | New 20YR NNN Lease | 5.26% Cap | 20180 Eva St
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.