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Burger King Triple-Net, 15-Year Term

Burger King Triple-Net, 15-Year Term

374 West US Highway 6
Valparaiso, Indiana


price: $1,886,821

gla: 4,091 SF

cap: 5.35%

lot: 1.54 Acres

built: 1995 | 2014

noi: $100,945

  • Over 15 Years Remaining on 20-Year Lease
  • True Triple-Net Lease | No Landlord Responsibilities
  • Tenant Remodeled and Took Early 20-Year Renewal in 2014
  • Five Percent Rental Increases Every Five Years
  • National Tenant – Burger King | TriCity Foods is the Second Largest Burger King Operator in the World
  • Strong Reported Sales (See Agents for Details)
  • Shadow Anchored by a Successful, Full-Service Grocer (Save-A-Lot) and Family Dollar
  • High Visibility | Over 250 Feet of Frontage
  • Located on Heavily Traveled US Highway Six | 20,692 Vehicles Passing per Day
  • Drive-Thru | Adds Value and Flexibility to Existing or Future Tenancy
  • Notable Major Retailers in the Area Include Walmart, Meijer, Big Lots, Kohl’s, Menards, Anytime Fitness, and Many More
  • The Population is Growing at Twice the Rate of the State, Four Times the Rate of the Chicago MSA
  • Excellent Demographics | Population of 33,620 Within Three Miles of Subject Property
  • Anticipated Six Percent Population Increase by 2023
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Sean Sharko
Senior Vice President Investments

Tel: (630) 570-2238
Sean.Sharko@marcusmillichap.com
 
* Broker of Record: Josh Caruana