OFFERING MEMORANDUM Burger King 495 San Antonio Street | Many, LA ™ Representative Photo ™ ™ contents 04 EXECUTIVE SUMMARY 06 financial OVERVIEW 08 tenant overview 12 area OVERVIEW exclusively listed by Mitchell Glasson Associate
[email protected] DIR (949) 432-4502 MOB (707) 364-5650 LIC # 02016029 (CA) Aron Cline SVP & Sr. Director
[email protected] DIR (949) 432-4509 MOB (818) 632-0233 LIC # 01904371 (CA) beau box BROKER OF RECORD LIC # 72498 executive summary investment highlights • Long-term NNN Lease with over 13 years of initial term remaining; rent term remaining will allow a prospective buyer to receive a majority of the asset’s cost • Direct national tenants include a Walmart Supercenter, Tractor Supply Co, Walgreens, McDonald’s, AutoZone, Sonic Drive-In, RadioShack, Chevron, Texaco, Pizza Hut and more • The property is strategically positioned at the crossing of Louisiana Highway 6 and U.S Route 171, with traffic volume over 6 million cars per year • Benefits from strong retail synergy with an adjacent Chevron; the largest and highest grossing gas station in Many, resulting in greater foot traffic for Burger King. • Site has been in operation for over 20 years; GPS Hospitality is the 3rd largest Burger King franchisee in the US system 4 | Matthews Real Estate Investment Services Burger King, Many, LA | 5 financial overview Burger King 495 San Antonio Street Many, LA 71449 List Price ................................................................................................................... $1,697,920