Property Description

Prime NNN Investment Opportunity - Burger King! Acquire a freestanding, income-producing restaurant property leased to an established Burger King franchisee operating more than 50 locations throughout Arizona. The long-term NNN lease runs through December 2039, with four additional 10-year renewal options and scheduled rent increases, providing dependable, low-maintenance income at an approximate 5.15% cap rate. Sale includes the land, building, improvements, and assignment of the existing lease. Strategically located on the busy Thunderbird Road corridor just east of Loop 101, offering convenient freeway access and excellent commercial visibility. An ideal addition to an investment portfolio. Real estate only; business and franchise not for sale. Please do not disturb tenant or employees. INVESTMENT OPPORTUNITYBurger King Restaurant8425 W. Thunderbird Road, Peoria, ArizonaThis offering presents the opportunity to acquire a freestanding Burger King restaurant property leased to Barnett Krispin II, LLC under a long-term NNN Lease. The existing Lease extends through December 1, 2039, providing approximately 13 years of remaining contractual term, scheduled rental increases, and four additional 10-year renewal options.INVESTMENT HIGHLIGHTSTenant: Barnett Krispin II, LLCProperty Use: Burger King RestaurantLease Structure: NNN LeaseOffering Price: $2,350,000CAP Rate: Approximately 5.15%Current Base Rent: $10,083.34 per monthCurrent Annual Base Rent: $121,000.08Current Total Tenant Payment: $10,426.17 per month*Lease Expiration: December 1, 2039Rent Increases: 10% every five yearsNext Scheduled Rent Increase: March 2030Projected March 2030 Base Rent: Approximately $11,091.67 per monthRenewal Options: Four additional 10-year optionsPersonal Guaranty: Thomas D. Barnett and Georgia C. Barnett, husband and wife; assignable by the Lessor pursuant to the Guaranty.Tenant Expense Responsibilities: Tenant responsibilities include real estate taxes, insurance, utilities, operating costs, interior and exterior maintenance and repairs, parking lot maintenance, landscaping, HVAC maintenance, roof maintenance and repairs, structural maintenance, and other expenses as provided under the Lease.TENANT / OPERATOR PROFILEBarnett Krispin II, LLC is affiliated with Barnett Management Company, a long-established Arizona restaurant operator founded by Tom Barnett, with Shelley Krispin later joining the organization and becoming a partner. The organization has decades of experience operating Burger King restaurants in Arizona and has developed an established multi-unit presence throughout the market. Published franchise materials have identified Barnett Management as one of Arizonas largest Burger King franchise operators, with its portfolio growing to more than 50 Burger King restaurants in Arizona.Barnett Krispin II, LLC is the tenant under the Lease and operates the premises as a Burger King restaurant. Burger King Corporation is not the named tenant under the Lease.NNN LEASE STRUCTUREThe Lease is structured as a NNN Lease, with the tenant responsible for real estate taxes, insurance, utilities, operating costs, maintenance and repairs, and other expenses as provided under the Lease.The tenants maintenance responsibilities include the interior and exterior of the premises, parking lot maintenance, landscaping, air-conditioning maintenance, roof maintenance and repairs, and structural maintenance. Except for certain limited obligations expressly provided under the Lease, the Lease states that the Lessor has no

Property Features