NNN Burger King – West Palm Beach, FL

  • Price: US $ 3,087,000
  • Property Type: Free standing
  • Occupancy: 100%
  • CAP: 5%
  • Building Area: approx. 3,039 SF = 282m²
  • Lot:  approx.  37462 SF = 3,480 m²
  • NOI: US $ 154,350
  • Annual Expenses: 0 (Zero) NNN- Tenant responsible for all expenses including property tax, insurance and maintenance
  • Contract Terms: 10.5 years Remaining of base term
  • Increases: 5% every 5 year
  • Extensions: 5- 5 years’ options
  • Guarantor: Burger King Corporation www.BK.com
  • Location: Located in South Florida, the city of West Palm Beach is located less than one-hour north of the Miami-Fort Lauderdale MSA. Downtown’s Clematis Street and City Place districts are filled with restaurants, shops, bars and clubs. The Norton Museum of Art displays American, European and Chinese art, includingimpressionist paintings. Nearby, the four theater Kravis Center for the Performing Arts hosts concerts,plays, dance and opera