Burger King – Express Lane Chipley, FL

1698 Main St
Chipley, FL

Price: $4,204,000
Cap Rate: 5.15%
NOI: $216,500
Building Size: Approx. 7,003 Sq. Ft.
Lot Size: Approx. 2.33 Acres
Type: Multi-Tenant / Retail
Sub Category: QSR
Year Built / Renovated: 1995 / 2021

Investment Overview

  • 2021 Renovation. 7,003+/- SF Building on 2.33+/- Acre Site
  • New 20 Yr Master Lease w/ (4) 5 Yr Options and 7.5% Rental Increases Every 5 Yrs
  • Strategically Located Along Highway 77 (23K VPD)
  • Master Lease Operator is 100% Responsible for all Maintenance to the Sublease
  • Near Walmart Supercenter, Tractor Supply Co., Advance Auto Parts, Dollar General, CVS
  • Brand New Roof w/ 20 Yr Warranty & Renovated to Standard Burger King Prototype
  • Sublease Operator is Applegreen Stores w/ Over 470 Locations Worldwide
  • Chipley  |  Washington County, FL  |  Along I-10 and U.S. Route 90