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BURGER KING, Oxford, MS

BURGER KING

Price $2,632,000
Cap Rate 4.75%
NOI $125,000
Lease Term 20 Years
Lease Type Absolute NNN, With Tenant Responsible For All Taxes, Insurance, And Maintenance, Including Roof, Structure, And Parking Lot
Rental Increases Four (4) Five (5) Year Option Periods
Year Built 1987 (Scheduled August 2020 Remodel)
Building Size 3,131 SF
Lot Size .75 Acres (32,670 SF)
Status Available
Lead Broker Information Michael T. Yuras, CCIM
Cushman & Wakefield
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

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

Investment Highlights

20-YEAR ABSOLUTE NNN LEASE WITH STRONG FINANCIALS
» Leased to iconic tenant with brand recognition as the world’s second-largest fast food hamburger chain
» Burger King’s annual revenue exceeds $1.65 billion
» Restaurant Brands International plans to open 40,000 stores within next 10 years
» Burger King operates more than 17,000 locations worldwide

EASILY ACCESSIBLE LOCATION IN HIGHLY POPULATED AREA
» 40,517 residents within a five-mile radius of the property
» Located at the four-way intersection of University Avenue and Bramlett Boulevard (combined 28,200 AADT)
» Convenient access to State Route 7 and U.S. Route 278, a major east-west thoroughfare connecting Arkansas and South Carolina
» Located one half-mile from Downtown Oxford, increasing visibility to the site
» Only Burger King location within 25 miles of the property

CENTRAL LOCATION NEAR UNIVERSITY OF MISSISSIPPI (OLE MISS), OXFORD’S PRIMARY COMMUNITY HUB
» One mile from the University of Mississippi (23,780 students, $2.9 billion economic impact, enables 43,000+ statewide jobs)
» Oxford named a “Top 10 Best College Town” by Sports Illustrated
» Student spending generated $86.9 million in added income for the state’s economy
» Ole Miss football attracted 337,631 fans to 2019 home games (seven games)
» Two miles from Baptist Memorial Hospital-North Mississippi (217 beds, 1,000 employees)
» Surrounded by a strong mix of well-established national tenants in a dense retail corridor
» Central location in the Oxford School District (within two miles of eight schools with combined 4,700+ students)



Property Description

The property is at the easily accessible, four-way intersection of University Avenue and Bramlett Boulevard. The location maintains excellent visibility and access to 28,200 vehicles per day. The property benefits from its central location in a highly populated area, with 40,517 residents living within a five-mile radius of the location. Traffic to the site is increased by its proximity to State Route 7 and U.S. Route 278, a major east-west thoroughfare connecting Arkansas and South Carolina. The location is one half-mile from Downtown Oxford and is the only Burger King location within 25 miles, both of which increase traffic to the site.

The site benefits from its location near large employers, retailers, and community hubs. The property is one mile from Oxford’s largest employer, the University of Mississippi (Old Miss), which has 23,780 students and 2,955 employees, generates a $2.9 billion economic impact, and enables 43,000+ statewide jobs. Oxford was named a Top 10 Best College Town by Sports Illustrated in 2019, and student spending generated $86.9 million in added income for the state’s economy. Ole Miss football attracted 337,631 fans to 2019 home games (seven games). Traffic to the site is also increased by its proximity to a strong mix of well-established national retailers and its convenient access to nearby Baptist Memorial Hospital-North Mississippi (217 beds, 1,000 employees). And the site experiences increased traffic from its centralized location in the Oxford School District, as the property resides within two miles of eight schools, with a combined 4,700+ students.

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