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Burger King
1700A West Reelfoot Avenue, Union City, TN 38261, USA
Sands Investment Group is Pleased to Exclusively Offer For Sale the 3,725 SF Burger King Absolute NNN Asset Located at 1700-A West Reelfoot Avenue in Union City, TN. This Opportunity Features an Absolute NNN Lease With Zero Landlord Responsibilities and ~11 Years Remaining in the Primary Lease Term. The Lease is Corporately Guaranteed By Burger King Corporation, Providing Long-Term Stability For a Secure Investment.
- Absolute NNN Lease: Zero Landlord Responsibilities With ~11 Years Remaining in the Primary Term
- Corporate Guarantee: Lease Backed By Burger King Corporation, Providing Long-Term Stability and Security
- Prime Retail Location: Strategically Positioned on a Pad Site in Front of Reelfoot Shopping Center, Anchored By National Retailers Including TJ Maxx and Five Below
- High Visibility and Access: Located Directly on US Hwy 51/Reelfoot Avenue, Union City’s Main Commercial Corridor, With Strong Daily Traffic Counts of Over 30,580 VPD
- Retail Hub of the Region: Situated in the Heart of Union City’s Dominant Retail Node, Drawing Shoppers From Surrounding Counties
- Strong Trade Area Fundamentals: Union City Serves as the County Seat of Obion County and a Key Retail Destination in Northwestern Tennessee
- Attractive Passive Investment: Long-Term, Worry-Free Income With Minimal Risk and Strong Underlying Real Estate Fundamentals
In Cooperation With Sands Investment Group Tennessee, LLC – Lic.#263973 BoR: Tom Gorman – Lic. TN #370394
Burger King
1700A West Reelfoot Avenue, Union City, TN 38261, USA
BURGER KING
Founded in 1954, the Burger King® brand is a global quick service hamburger chain known for food quality and value and being the only place guests can get the iconic flame-grilled Whopper® sandwich. The Burger King system operates more than 19,000 locations in more than 100 countries and U.S. territories. Almost 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. The original Home of the Whopper, our commitment to premium ingredients, signature recipes, and family-friendly dining experiences is what has defined brand for more than 50 successful years.
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Price
$1,484,326
Cap Rate
6.15%
PREMISES
3,725 SF
RENEWAL OPTIONS
2 x 5 Year Options
Lease Expiration
01/06/2036
Lease Type
Absolute NNN
RENTAL INCREASES
10% Every 5 Years
BROKERS
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To receive access to this OM, please review and sign our confidentiality agreement:
Sands Investment Group (“Broker”) is presenting for sale the Subject Property (“Property”) referenced above, by the Property’s owner (the “Owner”). Our agreement with the Owner requires that we obtain a Non-Disclosure before disclosing the name and location of his/her location of his/her business. The undersigned (“Recipients”) hereby acknowledge and agree that certain confidential information that has been or may be disclosed is intended solely for Recipients’ limited use in considering whether to pursue negotiations to acquire the Property.
Neither the Owner of the Property nor Broker or any of their respective officers, employees or agents, make any representation or warranty, expressed or implied, as to the accuracy or completeness of this confidential information and no legal liability is assumed or shall be implied with respect thereto. Information provided has been or will be gathered from sources that are deemed reliable; however, neither Owner nor Broker warrants or represents that the information is true or correct. Recipients are advised to verify information independently. Owner and/or Broker reserve(s) the right to change the Property’s purchase price, or any Property or market information provided, or to withdraw the Property from the market at any time without notice.
Recipients agree that the information provided by Broker is confidential and as such, agrees to hold and treat such information in the strictest of confidence. In addition, Recipients agree not to disclose, directly or indirectly, or permit anyone else to disclose this information to any person, firm or entity without prior written authorization of Owner or Broker and not use, or permit to be used this information in any fashion or manner detrimental to the interests of Owner or Broker. Photocopying or other duplication of such confidential information is strictly prohibited. Recipients agree not to contact the Property’s tenant(s), leasing brokers, or property management staff in connection with Recipients’ review of the Property or confidential information. IN ADDITION, THE CONFIDENTIAL INFORMATION SHALL NOT BE DEEMED AS REPRESENTATIVE OF THE STATE OF AFFAIRS OF THE PROPERTY OR CONSTITUTE AN INDICATION THAT THERE HAS BEEN NO CHANGE IN THE BUSINESS OR AFFAIRS OF THE PROPERTY SINCE THE DATE OR PREPARATION OF THE OFFERING MEMORANDUM.
While Owner and/or Broker may discuss the purchase and sale of the Property with Recipients, either Owner or Broker, in our sole and absolute discretion, may terminate sale discussions at any time and for any reason. Recipients acknowledge that neither Owner nor Broker has any obligation to discuss or agree to the sale of the Property. The acquisition discussions may be lengthy and complex. Notwithstanding that the parties may reach one or more oral understandings or agreements on one or more issues, neither of the parties shall be bound by any oral agreement of any kind, and no rights, claims, obligations or liabilities of any kind, either expressed or implied, shall arise or exist in favor of or be binding upon either Owner or Broker except to the extent expressly set out in a written agreement signed by both Owner and Broker.
This letter will further confirm that Recipients understand that Broker is presenting the information on the above-referenced Property and that Recipients agree that all initial correspondence and agreements pertaining to the opportunities and subsequent purchase shall be submitted through Agent. Prospective Buyer shall not contact the Owner directly unless given written permission by Agent or act either directly, indirectly, through any third parties including affiliates, other clients or other brokers to circumvent the purpose of this Agreement.
The term of this Agreement is for one (1) year from the date below, which shall be automatically extended through any ongoing negotiations, escrow periods or closing of any purchase and sales transaction(s) for the opportunity entered into by Prospective Buyer or its affiliates during the term hereof.
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