September 6, 2022 – Michael Talbert and Luke Thomson of Horvath & Tremblay have successfully completed the sale of Burger King in DeBary, Florida. Horvath & Tremblay represented the seller and procured the buyer to complete the transaction at a sale price of $1,625,000.
Burger King is located at 305 Sunrise Boulevard in DeBary, Florida. The stand-alone building consists of 3,148 square feet on a 0.92 acre of land. Burger King has been at this location for more than 30 years and has continuously extended their lease demonstrating their commitment to the site and the market. Burger King has a double net lease with over 7 years of primary term remaining and four (4), 5-year renewal options. The lease features attractive 7.5% rent increases every five years throughout the base term and renewal options. The Property is positioned at the intersection of Sunrise Boulevard and Dirksen Drive, 0.1 miles from Exit 108’s on/off ramp along Interstate 4. The Property is adjacent to a Hampton Inn and is surrounded by residential communities providing a built-in customer base. The Property is also close to Lake Monroe, driving additional traffic to the area.
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.