Burger King Tenant Rent: $8k Net Income: $476k

Burger King Tenant Rent: $8k Net Income: $476k Gross sales were $4.9 million

This is a one-of-a kind location with a well-known franchise on the premises. This 1.02-acre property is now available for sale with a tenant in place that has a very long lease of 20 years. The tenant happens to be the seller who runs this full-blown Burger King restaurant (not a 400-square-foot kiosk) and is willing to pay a rent of $8,000, which is $96,000 a year in your pocket. The station is being sold with no fuel contract, and the convenience store, combined with the gas, brings in gross sales of over $4.9 million a year. The station has a full canopy with four updated MPD's. There is nothing here to do other than start making money from day one. The seller's current net income without the franchise (Burger King) is $380,000 for the store and gas only. Now the seller will be paying the new buyer a rent of $96,000 a year. So now your new net income would be around $476,000 a year, which turns this transaction into a CAP rate of 11%. The asking price is $3,500,000 with no fuel contract. Make an offer.