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Burger King 293 N Locust St

3,969 SF Retail Building Buckhannon, WV 26201 $4,044,180 CAD ($1,019 CAD/SF) 6% Cap Rate

Retail Space West Virginia Buckhannon 293 N Locust St, Buckhannon, WV 26201

INVESTMENT HIGHLIGHTS

  • 20 Years Remaining on Brand New Lease Restructure in July 2024 | Tenant Showing Commitment to Property by Extending Early, 10 Years Prior to Lease Exp
  • Outstanding Sales - $1.975M in 2023 and Trending Upwards | 41% Above the National Burger King Sales Average
  • Guaranteed by GPS Hospitality, the 3rd Largest Burger King Franchisee in the Country – 400 Burger Kings, 60+ Pizza Huts and 19 Popeye’s

EXECUTIVE SUMMARY

Bang Realty is pleased to present the exclusive listing for a Burger King located at 293 North Locust Street in Buckhannon, WV. The site consists of roughly 3,969 rentable square feet of building space on estimated 1.14-acre parcel of land. This Burger King boasted exceptional unit level sales of over $1.97M in 2023 and is on track for more growth in 2024.
The tenant recently restructured the lease, adding 10 years of lease term, creating a new 20-year absolute triple-net (NNN) lease.

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,969 SF
Year Built/Renovated
1997/2016
Price
$4,044,180 CAD
Price Per SF
$1,019 CAD
Cap Rate
6%
NOI
$242,651 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
1.14 AC
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NEARBY MAJOR RETAILERS

CrossFit
First Community Bank
Chase Bank
Rent-a-center
Buffalo Wild Wings

PROPERTY TAXES

Parcel Number 03-1-01340000 Improvements Assessment $404,789 CAD
Land Assessment $135,479 CAD Total Assessment $540,268 CAD

PROPERTY TAXES

Parcel Number
03-1-01340000
Land Assessment
$135,479 CAD
Improvements Assessment
$404,789 CAD
Total Assessment
$540,268 CAD
(513) 300-0763

CONTACT

  • Listing ID: 33069014

  • Date on Market: 2024-09-05

  • Last Updated:

  • Address: 293 N Locust St, Buckhannon, WV 26201

The Retail Property at 293 N Locust St, Buckhannon, WV 26201 is currently available for sale. Contact Bang Realty for more information.

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Burger King | 293 N Locust St
(513) 300-0763 x

Burger King | 293 N Locust St

Brian Brockman

(513) 300-0763

(513) 300-0763

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