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Jones Lang LaSalle (“JLL”) Capital Markets, Net Lease is pleased to exclusively offer a premier net lease opportunity to acquire a single tenant Burger King located in Winter Springs, Florida, in the Orlando MSA – the 3rd fastest growing metro area in the United States over the last decade. This corporate Burger King pays an easy-to-replicate-rent of $106,400 with favorable 12% rent increases—the next increase occurs shortly in 2024. Nearly 40,000 vehicles pass by the property every day and Burger King shares the “going-home” side of Red Bug Lake Road with a Publix ranking in the top 20% of Florida locations based on visitor count. Over 79,000 people live within 3 miles of the property and the average household income in Winter Springs exceeds $105,000.
FLORIDA QSR WITH DRIVE-THRU AND LOW RENT
CORPORATE TENANT – WORLD’S 2nd LARGEST BURGER CHAIN
EXCEPTIONAL 12% RENT INCREASES – NEXT ONE OCCURRING IN 2024
8 YEARS OF LEASE TERM REMAINING AND ONLY ONE RENEWAL OPTION
ON THE “GOING-HOME” SIDE OF THE ROAD WITH A TOP PUBLIX
SIX-FIGURE HOUSEHOLD INCOMES IN THE ORLANDO SUBMARKET
ORLANDO: FASTEST GROWING MSA IN FLORIDA