|Gross Leasable Area (GLA)||3,124 Sq.Ft.|
|Price Per Square Foot (GLA)||$800|
|Lot Size||1.03 Acres|
Marcus & Millichap is pleased to present this Burger King restaurant located in Baltimore, Maryland. The triple-net lease provides an investor with zero management responsibilities and an average return of 6.00 percent for the 19 years remaining on the base term of the lease through five percent increases every five years.
This Burger King is located just three miles northeast of downtown Baltimore on Pulaski Highway, which the main corridor running through downtown. Due to it’s close proximity to Interstate-95 and Interstate-895, the subject property is well positioned to capitalize on the high volume of traffic traversing Pulaski Highway in and out of downtown. This Burger King is also uniquely positioned less than one mile from Johns Hopkins Bayview Medical Center– an integral part of the Johns Hopkins Health System housing the famous Hopkins Burn Center, the only adult burn trauma and surgical facility in the Baltimore area. In addition, the subject property is surrounded by a number of retailers including KFC, Dunkin’ Donuts, McDonald’s, Popeyes, Taco Bell, and Aldi, among others.
With over 500,000 people within a five mile radius, it is no surprise that the subject property has sales well above the system-wide unit average and has seen positive sales growth year-over-year for the past three years. This is a fantastic opportunity to secure a long-term investment in a proven concept with a seasoned and growing operator managed by one of the largest quick service restaurant companies in the world.