Representative photo OFFERING MEMORANDUM Burger King 5353 Plank Road | Baton Rouge, LA ACTUAL photo contents 03 EXECUTIVE SUMMARY 04 financial OVERVIEW 05 tenant overview 08 area OVERVIEW exclusively listed by Mitchell Glasson Associate
[email protected] DIR (949) 432-4502 MOB (707) 364-5650 LIC # 02016029 (CA) Wesley Connolly, MBA Senior Associate
[email protected] DIR (949) 432-4512 MOB (707) 477-7185 LIC # 01962332 (CA) beau Box BROKER OF RECORD LIC # 0000072286 (LA) executive summary ACTUAL photo investment highlights LONG-TERM STABILIZED INVESTMENT • Long-Term Lease - ±19 years remaining on new 20-year lease with Four (4), 5-Year Options • Latest Prototype - site was remodeled in March 2018 to showcase Burger King’s latest image • Sustainability and Upside - Lease commences with a tenant-friendly rent per SF of $18.50 - room for long-term growth • Growing Cash Flows - 7.50% increases in Year 11 & 16 and every renewal option • Absolute NNN Lease – Landlord has zero landlord responsibilities, the tenant takes care of insurance, real estate taxes, and maintenance AWARD WINING OPERATOR • Global Franchisee of the Year - “BURGER KING® Corporation named Atlanta-based GPS Hospitality its Global Franchisee of the Year at the 2018 BURGER KING® National Convention” • Exceptional Guarantee - GPS has 400 Burger King & Popeyes restaurants across Alabama, Arkansas, Florida, Georgia, Louisiana, Maryland, Mississippi, New Jersey, Michigan, Pennsylvania and West Virginia REAL ESTATE FUNDAMENTALS • Heavy Traffic Counts - Site