Highly Profitable Location – The store is currently operating at a healthy 6% rent to sales ratio, providing a hedge to future vacancy risk for an investor. Store sales are currently above the national average for Burger King.
Iconic National Brand – The property is leased by Burger King, the second largest fast food hamburger chain in the world, and the fourth largest fast food restaurant chain overall. The chain serves over 11 million visitors every year in 15,243 outlets in 100 countries. Burger King posted 2016 Revenues of $285.8 million, a growth of 1.3% over the prior year.
Strong Franchise with Long Operating History – Based out of Madison, Wisconsin, Southern Wisconsin Foods, LLC was founded in 1980. They currently operate 14 Burger King locations within the state of Wisconsin, and are one of the most highly regarded franchisees in the Wisconsin Burger King system.
New 20 Year Absolute NNN Lease – Annual Rent Growth – A new 20 year lease commenced in March 2015. The lease provides for 1% annual rent increases for the entire term as well as in the (2) 10 year Option Periods, providing an investor an additional 18 years of strong income and rent growth. The Absolute NNN lease gives the Landlord zero management responsibilities. The Tenant takes care of Property Taxes, Insurance, all property maintenance, and all maintenance of the Building.
Located Along Major Highway Interchange – Excellent Visibility & Signage – The subject property is located on 8th Avenue, which runs parallel to Highway 69, just blocks from the Highway 11 interchange. Its location offers excellent visibility to combined traffic counts over 20,000 vpd, and quick on/off access to the Highway.
Retail Synergy – Close to Schools & Hotels – Neighboring retailers include Pizza Hut, AutoZone, O’Reilly Auto Parts, Walgreens, McDonald’s, Brennan’s Market, Blain’s Farm & Fleet, Dollar General, Subway, Dunkin Donuts, Piggly Wiggly, and Phillips 66. In addition, the property sits across from the AmericInn Lodge & Suites and a Super 8 motel, and sits adjacent to Parkside Elementary School and across from Blackhawk Technical College, with approximately 4,000 students.