Burger King NNN Property For Sale — New Orleans, LA
2713 S. Claiborne Ave., New Orleans, LA 70113
An exceptional opportunity to acquire a Burger King property operating under an Absolute NNN lease. This asset boasts a strong tenant in GPS Hospitality Partners IV, LLC, a subsidiary of GPS Hospitality Partners Holdings, a prominent franchisee with over 400 quick-service restaurants. The property recently underwent a complete renovation, reopening in December 2017. Located at 2713 S. Claiborne Ave. in New Orleans, Louisiana, this site benefits from high visibility and traffic counts of nearly 70,000 vehicles per day on a main east-west thoroughfare. The surrounding area is a dense infill location with numerous national retailers, making it a highly desirable investment in the New Orleans metropolitan area, home to over 1.4 million people.
- Address: 2713 S. Claiborne Ave., New Orleans, LA 70113
- Asking price $1.81M
- 5.50% cap rate
- NOI $99,460
- 3.8 years remaining
- NNN lease
- Year built: 2017
- Building size: 1,670 SF
- Lot size: 0.44 acres
- Lease expiration: Jun 12, 2030
- Rent increases: Year 1: $97,500.00; Year 2: $98,475.00; Year 3: $99,459.75; Year 4: $100,454.35; …
- Guarantor: Corporate
Location
This Burger King property is at 2713 S. Claiborne Ave. in New Orleans, Louisiana.
Asset type: QSR