Burger King | Greeley, CO
Sands Investment Group is Pleased to Exclusively Offer For Sale the Burger King Leasehold Interest Investment Opportunity Located at 2708 11th Avenue in Greeley, Colorado.
LONG TERM INVESTMENT OPPORTUNITY
- Long-Term Triple Net (NNN) Burger King With Over 16 Years Remaining on Current Lease Term
- Successful Operating History as Burger King at This Location For Over 20 Years
- Tenant Exercised 20 Year Option to Extend Early Demonstrating Long-Term Confidence at This Location
- Tenant Invested Significant Dollars to Remodel the Building to the Current Burger King Prototype in 2016
- Over 36% Growth in Sales From 2010 – 2019
- Low Rent-to-Sales Ratio – Under 4.5% (Calculated on Base Rent in 2019)
- Leasehold Interest Allows For Full Depreciation Compared With Fee Simple Investment
- Ground Lease Has Rare 90 Years Remaining Providing Long Term Security to New Buyer
HIGH QUALITY INTERNET & PANDEMIC RESISTANT TENANT
- Experienced Operator (Ocedon Restaurant Group) Has Over 60 Locations
- Tenant Remained Open and is Paying Rent Throughout the Pandemic
- August 2020 Was the 4th Highest Monthly Sales Total at This Location Proving the Strength of Tenant and Location
DENSE RETAIL CORRIDOR
- Pad Building to King Soopers Anchored Shopping Center With Adjacent Tenants Including: Walgreens, Starbucks, dd’s Discounts, Ace Hardware and JOANN
- Densely Populated Area With Over 133,961 People Within a 5-Mile Radius
- Affluent Trade Area With an Average Household Income of $73,672 Within a 5-Mile Radius
- Strategically Located Off Highway 34 With High Visibility and Traffic Counts of Over 41,070 VPD
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