22020 Meridian E Graham, WA 98338 BROCHURE 20-Year, Absolute NNN, Investment Opportunity in an Income Tax Free State within a Rapidly Growing Seattle MSA Suburb PAUL SLEETH BILLY SLEETH PATRICK ALLEN 206.409.5624 206.250.3944 206.858.8434
[email protected] [email protected] [email protected] THE OFFERING This newly constructed Burger King in Graham, Washington presents investors with a unique opportunity to acquire a 20-year, absolute NNN lease with a strong credit, pandemic proof tenant, in an income tax free state, within a rapidly growing Seattle MSA Suburb. Price: $2,700,000 Financing: Free & Clear Cap Rate: 5% Grand Opening Date: April 21, 2020 Address: 22020 Meridian E, Graham, WA 98338 20 years Term: Building Area: 2,936 SF (10% increases every 5 years) Land Area: 20,743 SF (0.48 AC) Options: 4, 5 Year Options with 10% increases BURGER KING, GRAHAM PAGE 4 INVESTMENT HIGHLIGHTS NEW 20-YEAR ABSOLUTE NNN LEASE Burger King executed a 20-year initial lease term, with four, 5-year options, highlighting their commitment to this location and providing long term investment stability. CONTRACTED RENTAL INCREASES The lease includes 10% contracted rental increases every 5 years of the 20-year initial term, with additional 10% increases at all four, 5-year options. BRAND NEW, HIGH QUALITY CONSTRUCTION This is a newly constructed building from a preferred developer for Burger King, producing additional, long- term investment security. PANDEMIC, RECESSION, AND E-COMMERCE PROOF The inclusion of a drive thru increases consumer draw and store sales while protecting against future pandemics, downturns, and e-commerce threats.