Burger King NNN Property For Sale — Clifton Park, NY
1699 US Hwy 9, Clifton Park, NY 12065
This offering presents an exceptional opportunity to acquire a single-tenant, net-leased Burger King property located in Clifton Park, New York, within the robust Albany MSA. The tenant, Carrols Corporation, has a long operating history at this location since 1994, recently extending its lease for an additional 15 years through July 2038. This triple-net lease structure eliminates landlord responsibilities, providing a passive investment. The lease includes attractive 10% rental escalations every five years. Importantly, Carrols Corporation was acquired by Restaurant Brands International (RBI), Burger King's parent company, in Q2 2024, strengthening the tenant's covenant. The property boasts significant above-average store sales, ranking in the top 1% of Burger King locations nationally.…
- Address: 1699 US Hwy 9, Clifton Park, NY 12065
- Asking price $3.91M
- 5.75% cap rate
- NOI $225,000
- 11.9 years remaining
- NNN lease
- Year built: 1981
- Building size: 3,692 SF
- Lot size: 0.85 acres
- Lease expiration: Jul 31, 2038
- Rent increases: 10% every 5 years
- Guarantor: Corporate
Location
This Burger King property is at 1699 US Hwy 9 in Clifton Park, New York.
Asset type: QSR