Burger King

Burger King

Burger King
8304 Old Philadelphia Road
Baltimore, MD 21237

$2,200,000

Cap Rate 5.91%
Gross Leasable Area (GLA) 2,781 Sq.Ft.
Price Per Square Foot (GLA) $791
Year Built 1977
Lot Size 0.62 Acres
  • 16+ Years Remaining on NNN Lease (Zero Landlord Responsibility)
  • 37,930 Vehicles Per Day on Pulaski Highway
  • Recent Remodel/Reimage (2014)
  • High Unit-Level Sales (120% of System-Wide Average)
  • Projected 8 Percent Rent to Sales Ratio (2017)
  • 386,154 People Within 5-Miles
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Confidentiality and Buyer Registration Agreement

Marcus & Millichap Real Estate Investment Brokerage Company (“Broker”) has been asked to serve in the capacity of exclusive agent for the (“Seller”) regarding the potential sale of the properties known as: Burger King (the "Property").

To receive financials and other vital data please read, sign and return this completed Confidentiality Agreement to Broker. The property information has been prepared by Broker for use by a limited number of parties and does not purport to provide a necessarily accurate summary of the property or any of the documents related thereto, nor does it purport to be all-inclusive or to contain all of the information that prospective Buyers may need or desire. No representation is made by Broker or the Seller as to the accuracy or completeness of the information contained herein, and nothing contained herein shall be relied on as a promise or representation as to the future performance of the property.

By accepting the financial reports and market data, you agree to indemnify, defend, protect and hold Seller and Broker and any affiliate of Seller or Broker harmless from and against any and all claims, damages, demands, liabilities, losses, costs or expenses (including reasonable attorney’s fees, collectively “Claims”) arising, directly or indirectly from any actions or omissions of Buyer, its employees, officers, directors or agents.

Buyer shall indemnify and hold Seller and Broker harmless from and against any claims, causes of action or liabilities, including, without limitation, reasonable attorney’s fees and court costs which James Medefind or Marcus & Millichap REIS may be incurred with respect to any claims for other real estate commissions, broker’s fees or finder’s fees in relation to or in connection with the Property to the extent claimed, through or under Seller.

The Financial Reports and market data, except such information that is a matter of public record or is provided in sources available to the public, are of a confidential nature. By accepting the property information, you agree that you will hold and treat it in the strictest confidence, that you will not photocopy or duplicate it, that you will not disclose the information or any of the contents to any other entity (except to outside advisors retained by you, if necessary for you determination of whether or not to make an offer and from whom you have obtained an agreement of confidentiality) without prior written authorization of the Seller or Broker, and that you will not use the information or any of the contents in any fashion or manner detrimental to the interest of the Seller or Broker.

No employee of Seller or at the subject property is to be contacted without the written approval of the agent and doing so would be a violation of this confidentiality agreement.

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 6.50 percent for the 16 years remaining on the base term of the lease. There are five percent increases every five years. The subject property is located just seven miles northeast of downtown Baltimore on Pulaski Highway, which is the main corridor through the center of downtown Baltimore. Located between Interstate 95 and Interstate 695, this Burger King is well positioned to capitalize on the high volume of traffic traversing Pulaski Highway in and out of the city.

Surrounding retailers include Walmart, Home Depot, McDonald’s, IHOP, Chipotle, LongHorn Steakhouse, and WaWa among others. With over 386,000 people within a five mile radius, it is no surprise that this location has unit-level 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.

For More Information, Please Contact:

James Garner

Investment Advisor
(813) 387-4796
James.Garner@MarcusMillichap.com