Burger King NNN Property For Sale — Coos Bay, OR
2021 Newmark Ave, Coos Bay, OR 97420
This offering presents an exceptional opportunity to acquire a Burger King property located at 2021 Newmark Ave in Coos Bay, OR. The asset features a brand-new 10-year absolute NNN lease extension, providing investors with long-term, passive income. The lease is guaranteed by Ambrosia QSR, the largest Burger King franchisee in the Pacific Northwest, operating over 200 restaurants across four states. Strategically positioned as an outparcel to a high-volume Walmart, the location benefits from significant traffic and is ranked in the top 15% of all Walmarts nationally and top 9% in the state. Additionally, the property is directly across the street from Southwestern Oregon Community College, which boasts an annual enrollment of 1,537 students. The lease structure includes percentage rent, o…
- Address: 2021 Newmark Ave, Coos Bay, OR 97420
- Asking price $1.94M
- 5.85% cap rate
- NOI $113,490
- 7.1 years remaining
- NNN lease
- Year built: 1992
- Building size: 2,824 SF
- Lot size: 0.92 acres
- Lease expiration: Sep 30, 2033
- Rent increases: Current - 9/30/2033: $113,524
- Guarantor: Corporate
Location
This Burger King property is at 2021 Newmark Ave in Coos Bay, Oregon.
Asset type: QSR