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BurgerIM, Kissimmee, FL

BurgerIM

Price $3,136,800
Cap Rate 5.00%
NOI $156,840
Lease Term 15 Years
Lease Type NNN with Tenant Responsible for Taxes, Insurance, and Maintenance, Excluding Roof and Structure
Rental Increases 2% Annual Rental Increase
Year Built Q4 2018/Q1 2019
Building Size 2,614 SF
Lot Size 0.64 Acres (27,906 SF)
Status Available
Lead Broker Information Vincent Aicale
Cushman & Wakefield
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

Ryan Forsyth
Cushman & Wakefield
415.413.3005
ryan.forsyth@cushwake.com
CA RE License #01716551

Michael T. Yuras, CCIM
Executive Managing Director
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

Scott Crowle
Senior Director
415.604.4288
scott.crowle@cushwake.com
CA RE License #01318288


Cushman and Wakefield Inc. LIC. # 00616335
This property is listed in conjunction with Florida-licensed real estate broker Cushman & Wakefield, Inc.

Investment Highlights

LONG-TERM NNN LEASE WITH CORPORATE GUARANTY
» 15-year NNN lease with scheduled rental increases
» Corporate guaranty from Burgerim, a fast-growing chain with over 200 locations
» 2% annual rental increases, providing an excellent hedge against inflation

HIGH-TRAFFIC LOCATION NEXT TO WALT DISNEY WORLD RESORT
» Located just off of the signalized intersection of U.S. Highway 192 and Sherberth Road, which experiences a high traffic count of 87,300 vehicles per day
» Next to Disney World, the most visited vacation resort in the world, with over 59.9 million visitors per year
» Disney World is the largest employer in the Orlando MSA, with over 74,000 employees

POPULAR TOURIST AREA WITH LARGE CUSTOMER BASE
» Located in dense retail corridor, with close proximity to major national tenants, including Super Target, Ross, Publix, and CVS
» Surrounded by numerous hotels, motels, vacation resorts, and RV campgrounds, creating a large customer base in the immediate area
» Sherberth Road is the westernmost public access road to Disney World
» U.S. Highway 192 provides immediate access to World Drive, the main north– south road in Disney World

CLOSE PROXIMITY TO MAJOR NEW DEVELOPMENTS
» Within walking distance of $750 million, 300-acre Margaritaville Resort Orlando, with an estimated resort-wide draw of three to four million guests per year
» Part of Parkview at Osceola West, an $11 million mixed-use development that will feature a four-story, 120-room hotel, along with national retail and restaurant tenants

FILL OUT THE FORM BELOW TO ACCESS OFFERING MEMORANDUM



Property Description

The property is strategically located just off of the signalized intersection of West Irlo Bronson Memorial Highway and Sherberth Road, and shares a building with Burgerim. It has excellent visibility and access to 87,300 vehicles per day. Sherberth Road is the westernmost public access road to the Walt Disney World Resort. The property benefits from its prime location next to Disney World, which covers 27,258 acres, an area twice the size of Manhattan. Disney World houses 27 themed resort hotels, nine non–Disney hotels, four theme parks, two water parks, several golf courses, a camping resort, and other entertainment venues. The resort is the flagship destination of Disney’s worldwide corporate enterprise and is the most visited vacation resort in the world, with an average attendance of nearly 60 million people annually. Additionally, Disney World is the largest employer in the Orlando MSA and the largest single-site employer in the U.S., with over 74,000 employees.

Due to its close proximity to Disney World, the property is located in a tourist area with a large number of retail, lodging, and entertainment options nearby. Several large shopping centers are located near the site, including Rolling Oaks Commons, anchored by Super Target, Ross, and T.J. Maxx. Other major retailers near the property include Walgreens, Publix, McDonald’s, Denny’s, Dollar Tree, Panera Bread, and Wendy’s. The property is also surrounded by several hotels, motels, vacation resorts, and RV campgrounds, creating a large customer base in the immediate area.

Located in a rapidly expanding tourist corridor, the property is close to several major developments. The property is part of Parkview at Osceola West, an $11 million mixed-use development that will feature a four-story, 120-room hotel, along with national retail and restaurant tenants. Additionally, the property is within walking distance of Margaritaville Resort Orlando, a $750 million, 300-acre resort that will feature 324 luxury apartments, a 187-room hotel, 200,000 square feet of retail space, and 12-acre water park. The water park is expected to draw approximately one million guests per year, making the water park one of the busiest in the nation. Margaritaville Resort Orlando will be able to host 6,000 guests per night altogether, with an estimated resort-wide draw of three to four million guests per year.

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