Burger King – Buckhannon, WV

Burger King - (GPS Hospitality)
3 Clarksburg Road, Buckhannon, WV 26201, USA

Sands Investment Group is pleased to exclusively offer for sale the GPS Hospitality-operated Burger King Absolute NNN Asset located at 3 Clarksburg Rd, Buckhannon, WV. The asset features an Absolute Triple Net (NNN) Lease with (±) 19 years on the current term and 7.5% increases every 5 years. The operator guarantee on the lease is from one of the country’s largest Burger King Franchises, GPS Hospitality, offering investors reliable income growth from a leading multi-brand operator.

  • ~19 Years Remaining on a new Absolute Triple Net (NNN) Lease with 7.5% increases every 5 years; zero landlord responsibilities.
  • Restructured in July 2024, with the tenant extending early, demonstrating a strong commitment to the property.
  • The lease is backed by GPS Hospitality, the nation’s 3rd largest Burger King franchisee, boasting 400+ Burger King locations, 60+ Pizza Huts, and 19 Popeyes, ensuring operational stability.
  • Exceptional unit-level performance with the sales of this location is 40% above the national Burger King average.
  • Asset is positioned just off Highway 33/119 along Clarksburg Road, Buckhannon’s primary north-south thoroughfare; the Walmart Supercenter behind the site draws traffic and increases exposure to the site.
  • The site is surrounded by Buckhannon’s most notable national tenants, including Lowe’s, Walmart, Walgreens, CVS, AutoZone, Harbor Freight Tools, Buffalo Wild Wings, and Sheetz, among many others.

 

In Cooperation With Sands Investment Group West Virginia, LLC – Lic. #010212-00 BoR: Tom Gorman – Lic. WV #WVB23030087

Burger King - (GPS Hospitality)
3 Clarksburg Road, Buckhannon, WV 26201, USA

BURGER KING WORLDWIDE, INC.
Founded in 1954, Burger King® is the second largest fast food hamburger chain in the world. The original Home of the Whopper, the Burger King® system operates in approximately 18,000 locations serving more than 11 million guests daily in 100 countries and territories worldwide. Approximately 100 percent of Burger King® restaurants are owned and operated by independent franchisees, many of them family-owned operations that have been in business for decades.

RESTAURANT BRANDS INTERNATIONAL

Restaurant Brands International is one of the world’s largest quick-service restaurant companies with approximately $23 billion in system sales and over 18,000 restaurants in 100 countries. Restaurant Brands International owns two of the world’s most prominent and iconic quick service restaurant brands – Tim Hortons® and Burger King®. These independently operated brands have been serving their respective guests, franchisees, and communities for over 50 years.

GPS HOSPITALITY

Led by CEO and Founder Tom Garrett, GPS Hospitality ranks as the third largest Burger King franchisee in the world. Founded in 2012, the former CEO of Arby’s Restaurant Group has quickly grown the company into a powerhouse, ranking as the 12th largest restaurant franchisee in the United States per Franchise Times’ Restaurant 200 Magazine (measured by revenue). GPS Hospitality has experienced a meteoric rise in the QSR industry, featuring a portfolio boasting nearly 400 Burger Kings, 62 Pizza Huts, and 19 Popeyes. As a company mantra, it strives to work together to achieve its vision and create a Win-Win culture where both the company and individuals are equally successful and prosperous.

Price

$2,800,000

Cap Rate

6.00%

PREMISES

3,969 SF

RENEWAL OPTIONS

4, 5-Year Options

Lease Expiration

06/30/2044

Lease Type

Absolute NNN

RENTAL INCREASES

7.5% Increases Every 5 Years

BROKERS

Tom Gorman
Philadelphia

List with SIG

Tap into the expertise of brokers who specialize in your property type.

Get In Touch