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24456 Sussex HwySeaford, DE 19973
Burger King
Asset ClassRetail
Deal Size$3.2 M
Cap Rate: 5.75%Square Feet: 2,900Access Data Room
Brand New 20 Year NNN Lease | 45 Year Operating History
overview of deal

Overview

Burger King has successfully operated at this location for over 45 years and recently reaffirmed its long-term commitment by executing a new 20-year lease. The property demonstrates strong and sustainable store performance, supported by a favorable rent-to-sales ratio and positive sales trends over the past three years (financials available upon request). This investment offers zero landlord responsibilities with fee simple ownership and tax depreciation benefits, all while positioned along Sussex Highway (U.S. Route 13), a primary regional thoroughfare with traffic counts exceeding 35,000 vehicles per day.

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Investment Highlights

FULLY NNN FEE SIMPLE LEASE

Zero landlord responsibilities combined with fee simple ownership and tax depreciation advantages.

 

NOI GROWTH

10% rent increases every five years throughout the base term and all option periods.

 

GROWTH MARKET - 15% EXPECTED GROWTH

Projected population growth exceeding 15% within the 1–5-mile trade area over the next four years.

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24456 Sussex HwySeaford, DE 19973

Sales Team

Jacob HaslachAssociate Investments

License #: RS361617 (PA)

(215) 531-7078jacob.haslach@marcusmillichap.com

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