For Sale
$1,559,040

854 University StMartin, TN 38237

High-yield Burger King NNN lease.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a 4,068 square foot Burger King located at 854 University St, Martin, TN 38237. The property boasts a strong 6.15% cap rate and an absolute NNN lease with approximately 11.5 years remaining on the base term, ensuring minimal landlord responsibilities and 100% passive income. The lease is guaranteed by Tennessee Quality, LLC, a wholly-owned subsidiary of Carrols Corporation, the largest Burger King franchisee, recently acquired by Restaurant Brands International, providing exceptional financial backing. Situated near the University of Tennessee at Martin, a Division I college with consistent enrollment, this location benefits from high traffic and visibility. The property's proximity to numerous national retailers, including Rural King, McDonald's, Taco Bell, Cook Out, Zaxby's, Advance Auto Parts, and a Walmart Supercenter, further enhances its appeal and potential for continued success. Built in 1982, this Burger King benefits from a recent remodel, increasing the likelihood of long-term tenant occupancy. This is a rare opportunity to acquire a well-established, high-performing asset in a desirable location with a strong tenant and significant remaining lease term. The asking price is $1,559,040.

Highlights

  • Investment-grade Burger King with strong 6.15% cap rate.
  • Guaranteed by Carrols Corporation, the largest Burger King franchisee, a subsidiary of Restaurant Brands International.
  • Absolute NNN lease with ~11.5 years remaining, offering 100% passive income and minimal landlord responsibilities.
  • Prime location near University of Tennessee at Martin, ensuring high traffic and visibility.
  • Long-term investment opportunity with recent remodel and approximately 11 years remaining on the base lease term.
  • Excellent co-tenancy with national retailers including Walmart, McDonald's, and Rural King.

Property Details for 854 University St

Property type
Retail properties
Square Feet
4,068 SF
Year Built
1982

Location Insight

City
Martin
County
Weakley
State
Tennessee
Latitude
36.3485048
Longitude
-88.8764063
854 University St, Martin, Tennessee

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
854 University St
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message