Kirk Garabedian Commercial Group

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Burger King + Vacant Lot

Burger King + Vacant Lot

5505, 5519, 5533 E Washington Blvd

Quick Summary

Location
Burger King + Vacant Lot
Price
2,700,000
Property Type
Retail
Square Ft
2070
Year Built
2016
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Property Description

We are pleased to present a unique offering featuring a single
tenant NNN Burger King plus an additional 10,684 square foot
development pad located on a prime signalized intersection in
Commerce, California. The Burger King was built in 2016 and
includes a 20-year lease with four 5-year options to extend. The
lease will enter into its sixth year in late 2021, and will undergo a
10% rental increase. For the purposes of this offering, we are using
the 2021 increased rent to calculate the cap rate and the Seller will
rent guarantee the difference should the property close escrow
earlier than the scheduled rental increase.