October 2, 2020 – Matt Nadler and Dan Bernardini of Horvath & Tremblay has successfully completed the sale of Burger King in Pensacola, Florida. Horvath & Tremblay procured the buyer to complete the transaction at a sale price of $1,100,000 which represents a Cap Rate of 5.84 percent.
The Burger King is located at 7960 Pine Forest Road in Pensacola, FL. The stand-alone building consists of 2,996 square feet and sits on 0.94 acres of land. Burger King has 5+ years remaining on a Triple Net Lease with four 5-Year Options. The lease features 2% annual increases throughout both the current term and the option periods. Burger King is strategically positioned along Pine Forest Road (State Road 297), just 750 feet from Interstate 10, and is surrounded by eight national hotels, and national retailers including, Ruby Tuesday, Cracker Barrel, Hardee’s, McDonald’s and many more. The property has outstanding visibility, convenient access, and benefits from strong area demographics.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.