|Gross Leasable Area (GLA)||2,781 Sq.Ft.|
|Price Per Square Foot (GLA)||$791|
|Lot Size||0.62 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 6.50 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.