June 17, 2022 – Hobart Hare, Bob Horvath and Todd Tremblay of Horvath & Tremblay have successfully completed the sale of Burger King in Holton, Kansas. Horvath & Tremblay exclusively represented the buyer to complete the transaction at a sale price of $1,837,000.
Burger King is located at 403 Arizona Avenue in Holton, Kansas. The stand-alone building consists of 3,648 square feet on 0.69-acres of land. Burger King was complexly remodeled in 2016 and features one of their newer architectural designs. The Property has a 14+ years remaining on their Absolute NNN lease with four (4), 5-Year renewal options. The lease calls for attractive 7.5% increase every five years throughout the base term and at the start of each renewal option. Burger King is extremely well located at the signalized intersection of Arizona Avenue (US Route 75) and W 4th Street, the area’s two primary commercial and commuter corridors. The property benefits from the strong traffic counts in excess of 18,000 vehicles per day and is surrounded by national retailers driving traffic to the area. The Property is also within 1-mile of the area schools and the municipal buildings.
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.