Tenant: Burger King | Lufkin, TX
Premises: 2,303 SF
Renewal Options: 4 x 5 Years
Lease Expiration: 20 Yrs From COE
Lease Type: NNN
Rental Increases: 8% Every 5 Yrs
Sands Investment Group is Pleased to Exclusively Offer For Sale the 2,303 SF Burger King Located at 2402 S 1st Street in Lufkin, TX. With a 20-Year Triple Net (NNN) Lease and Attractive Rent Increases, This Opportunity Provides a Secure Investment With Income Growth of an Established Tenant.
In Cooperation With Sands Investment Group Austin, LLC Lic. # 9004706
Read Additional Thought Leadership Content From SIG, Specializing in Absolute Triple Net Lease Opportunities
Burger King Worldwide, Inc., together with its subsidiaries, operates and franchises fast food hamburger restaurants, primarily under the Burger King brand worldwide. As of March 2020 it operates over 18,848 locations in 100 countries. Every day, more than 11 million guests visit BURGER KING® restaurants around the world. And they do so because our restaurants are known for serving high-quality, great-tasting, and affordable food. Founded in 1954, BURGER KING® is the second largest fast food hamburger chain in the world. The original HOME OF THE WHOPPER®, our commitment to premium ingredients, signature recipes, and family-friendly dining experiences is what has defined our brand for more than 50 successful years.
In late 2010, 3G Capital of Brazil acquired a majority stake in the company, in a deal valued at US$3.26 billion. The new owners promptly initiated a restructuring of the company to reverse its fortunes. 3G, along with partner Berkshire Hathaway, eventually merged the company with the Canadian-based doughnut chain Tim Hortons, under the auspices of a new Canadian-based parent company named Restaurant Brands International.