NNN Burger King -Baldwin (Jacksonville) FL

  • Price: US $ 1,850,000
  • Property Type: Free standing                    
  • Occupancy: 100%
  • CAP: 6 %
  • Building Area: approx.  3,379SF = 314m²
  • Lot:  approx. 67518 SF = 6,272m²
  • NOI: US $111,049
  • Annual Expenses: 0 (Zero) NNN- Tenant responsible for all expenses including property tax, insurance and maintenance
  • Contract Terms: 8.5 years remaining
  • Increases: 1.5% annually
  • Extensions: 2- 10 years’ options
  • Guarantor: Solid Backing from Southern King LLC-Lease has Burger King Locations Backing the lease. Multi-Concept Franchisee- Sailormen, Inc. operates 138 Popeyes locations and 25 Burger King locations under Southern King LLC (2018)
  • Location: Main Thoroughfare- BK located strategically near the off ramps of two major highways (I-10 & US 301) Strong Nearby Tenant Mix Waffle House, MC Donald, Arby’s subway, Western Union