Burger King NNN Property For Sale — Springfield, IL
unknown, Springfield, IL
This Burger King NNN (triple net lease) property is located in Springfield, IL and represents an excellent investment opportunity for commercial real estate investors. The property features 2811 square feet of building space and was built in 2019. With a cap rate of 5.5%, this Burger King net lease property offers stable income potential. The asking price is $2,709,818, making it an attractive option for 1031 exchange investors seeking quality Burger King commercial properties. Investing in Burger King NNN properties provides predictable cash flow with minimal landlord responsibilities. Burger King is a nationally recognized brand with proven operational success. This property qualifies for 1031 tax-deferred exchanges, allowing investors to defer capital gains taxes. As a Triple Net Lease…
- Address: unknown, Springfield, IL
- Asking price $2.71M
- 5.50% cap rate
- NOI $149,040
- 13.6 years remaining
- NNN lease
- Year built: 2019
- Building size: 2,811 SF
- Lot size: 1.41 acres
- Lease expiration: Jul 31, 2039
- Rent increases: 1% Annual
- Guarantor: Corporate
Location
This Burger King property is at unknown in Springfield, Illinois.
Asset type: QSR/Fast Food