Burger King - Clarksville, IN

915 East Lewis and Clark Parkway, Clarksville, IN, 47129, US

资产描述

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire the ground leased Burger King located at 915 E Lewis and Clark Parkway in Clarksville, Indiana (“Property” or “Asset”). Burger King has been operating on an absolute NNN lease at the site for 35+ years and currently has ±4.5 years of lease term remaining, 10.0% rent escalations every 5-years, and three, five-year renewal options.

Located just four miles north of downtown Louisville, the Property is positioned along Lewis-Clark Parkway, just off I-65 with direct accessibility to more than 103,000 vehicles per day. Burger King is positioned as an outparcel to Green Tree Mall, southern Indiana’s only enclosed regional mall that serves the community and outlying areas.

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属性

询价

¥13,468,000

资本化率

6.25%

净运营收入

¥842,000

加权平均未到期租赁期

4.5 年

建筑净面积

283 平方米

土地总面积

0.38 公顷

媒体

投资亮点

Operating on an absolute NNN ground lease with ±4.5 years of lease term remaining
Outparcel to to Green Tree Mall with 3.1 million visits annually
Carrols Restaurant Group is the largest Burger King franchisee and recently acquired by RBI
Strong occupancy history with more than 35 years at this location and rent-to-sales of 6.15%
Dense commercial corridor off I-65 with accessibility to 103,000 VPD
College town location with The University of Louisville just 9 miles from Property