Burger King

The lease features a primary term expiring in 2041, providing long-term stability for the investor. Additionally, the lease includes a 10% rental increase every five years. In 2023, the property was remodeled to feature one of Burger King’s latest prototype designs. Operating under an absolute NNN lease, the landlord benefits from a passive investment. Corning, CA, is home to Bell-Carter Foods, Inc., the world’s second-largest table olive processor and the largest in the United States. The city also plays a key role in the production of almonds, walnuts, and prunes for Sunsweet Growers Inc. The property is leased by Quikserve Restaurants, Inc., a prominent Burger King franchisee.

Price:

$2,453,000

Cap Rate:

5.30%

NOI:

$129,984

Category:

Single Tenant Retail

Location:

Corning, CA

Building Size (SF):

3,250 SF

Lot Size (Acres)

0.91 AC

Built:

2023

Contact Agent:

Brandon Norton

(925) 286-5049

brandon@monarchcommercial.com

CA DRE# 01985777

ADRE# BR710308000

Contact Agent:

Dave Lucas

(925) 744-5217

dave@monarchcommercial.com

CA DRE# 01389761

NV RED# 10011411

Highlight
Absolute NNN QSR with Long Term Lease

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