Property Details

Burger King

Louisville, KY
Property ID: 12728

Financial Summary

Asking Price $1,272,727
Cap Rate 5.50%
Net Operating Income (NOI) $70,000
Lease Type NNN
Lease Term Remaining 15 Years
Increases 10% Every 5 Years

Offering Memorandum

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Jonathan W. Hipp
President & CEO
Andrew Fallon
Executive Managing Director
Richard Murphy, CCIM
Managing Director

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  • New 15-year NNN lease with Carrols Corp, the world’s largest Burger King franchisee
  • Carrols Corp guarantee (1000+ stores and $1.2Bil in annual revenue)
  • Absolute NNN, no landlord responsibilities
  • 10% rent increases every five years
  • Located in a retail corridor with 32,712 VPD passing the site and strong 3-mile population of over 90,000

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4620 S. Hurstborne Parkway
Louisville, KY

Amanda WillisBurger King