Burger King - Nisbet Group

More documents

Recommendations

Info

Burger King RICHLAND, WA FINANCING Existing Financing PRICING AND FINANCIAL ANALYSIS Loan Type Free and Clear Proposed Financing FIRST TRUST DEED Loan Amount $1,129,050 Loan Type Proposed New Interest Rate 5.0% Amortization 25 Years Debt Coverage Ratio 1.50 This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services of Seattle, Inc. © 2012 Marcus & Millichap T0110154 1
Burger King RICHLAND, WA FINANCIAL OVERVIEW Location 2501 Queensgate Drive Richland, WA 99352 Price 1,737,000 Down Payment 35% / $607,950 Rentable Square Feet 3,561 Price/SF $487.78 CAP Rate 6.85% Year Built 2004 Lot Size 0.774 Acres Type of Ownership Fee Simple Tenant Summary Tenant Trade Name Burger King Ownership Private Tenant Franchisee Lease Guarantor Local or Regional Franchisee Lease Type Triple Net (NNN) Roof and Structure Tenant Responsible Lease Term 11+ Years Lease Commencement COE Rent Commencement Date COE Lease Expiration Date 12/1/2023 Term Remaining on Lease 11+ Years Increases 5% Options Eight Five-Year Options Financing FIRST TRUST DEED Loan Amount $1,129,050 Loan Type Proposed New Interest Rate 5.0% Amortization 25 Years Loan information is time sensitive and subject to change. Contact your local Marcus & Millichap Capital Corporation representative. This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services of Seattle, Inc. © 2012 Marcus & Millichap T0110154 PRICING AND FINANCIAL ANALYSIS Annualized Operating Data Rent Increases Annual Rent Monthly Rent Years 1 - 5 $119,000.00 $9,916.67 Years 6 - 11 $127,330.00 $10,610.83 Option 1 Years 12-16 $136,243.10 $11,353.59 Option 2 Years 17-21 $145,780.12 $12,148.34 Option 3 Years 22-26 $155,984.73 $12,998.73 Option 4 Years 27-31 $166,903.66 $13,908.64 Option 5 Years 32-36 $178,586.91 $14,882.24 Option 6 Years 37-41 $191,088.00 $15,924.00 Option 7 Years 42-46 $204,464.16 $17,038.68 Option 8 Years 47-51 $218,776.65 $18,231.39 Base Rent ($33.42/SF) $119,000 Net Operating Income $119,000 Debt Service $79,204 Debt Coverage Ratio 1.50 Net Cash Flow After Debt Service 6.55% / $39,796 Principal Reduction $23,280 Total Return 10.38% / $63,076 2
Page 1 and 2: Burger King RICHLAND, WA OFFERING M
Page 3 and 4: Burger King RICHLAND, WA NET LEASED
Page 5: PRICING AND FINANCIAL ANALYSIS Burg
Page 9 and 10: PROPERTY DESCRIPTION Burger King RI
Page 11 and 12: Burger King RICHLAND, WA PROPERTY P
Page 13 and 14: Burger King RICHLAND, WA AREA MAPS
Page 15 and 16: RECENT SALES Burger King RICHLAND,
Page 17 and 18: Burger King RICHLAND, WA CAP RATE A
Page 19 and 20: Burger King RICHLAND, WA RECENT SAL
Page 21 and 22: DEMOGRAPHIC ANALYSIS Burger King RI
Page 23 and 24: Burger King RICHLAND, WA SUMMARY RE
Page 25 and 26: Burger King RICHLAND, WA EMPLOYMENT
Page 27: Offices Nationwide www.MarcusMillic

Burger King - Nisbet Group

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?