Burger King

Tenant

Burger King

Location

Tampa, FL

Price

$1,795,000

CAP Rate

5.35%

NOI

$96,000

Lease Term

Unstated

Occupancy

100%

Building Size

3,800 SF

Property Type

Single Tenant

Year Built

2014

Lot Size

.882 Acres

Status

Closed

Property Contacts:

Karly Iacono

Associate Director

201-742-6119 | Email

  • Strong Franchise Guarantor
  • Build-To-SuitAbove Average NOI
  • Dominant Market Share
  • High Economic Impact Area
  • Walking Distance to Seminole Hard Rock Hotel & Casino

Marcus & Millichas is pleased to present a Ground Leased Burger King in Tampa, FL. The Subject Property  will be operating under a fifteen year base lease term with a lease commencement date projected for July 1, 2016. The lease offers five, five-year option periods featuring 5% rental increases per option. Additionally, the lease is NNN with no landlord responsibilities.