Overview
Atlantic Capital Partners has been exclusively engaged to solicit offers for the sale of Burger King located in Wareham, Massachusetts. This 3,189 SF asset has been 100% occupied by Burger King since 2009 with unmatched visibility along Cranberry Highway in a retail market servicing the coastal communities of Buzzard’s Bay.
Situated at 3012A Cranberry Highway, the 20-year lease was signed in 2009 and the rent commenced on 12/23/2009. The lease includes one (1) ten (10) year option. Burger King is currently paying $127,887 which increaes in December 2024 to $137,479. Burger King would pay $147,790 in their first and only option (December 2029).
Investment Highlights
ATTRACTIVE RENTAL INCREASES
- 7.5% rental increases every 5 years including option period
CONVENIENT ACCESS TO ROUTE 25
- The asset is located minutes away from Route 25, which sees 65,000 VPD
LOCATED IN HIGH TRAFFIC RETAIL CORRIDOR
- The property is adjacent to Cranberry Plaza (192.9K Visits/mo) which is home to national tenants Ocean State Job Lot, Stop & Shop, and Planet Fitness
NO LANDLORD RESPONSIBILITIES
- Absolute NNN lease provides passive ownership
STRONG LOCAL & TOURIST DEMOGRAPHICS
- Five-Mile Population of nearly 35,000 people earning an average household income of $86,431. Cape Cod’s summertime population swells to nearly 4.7M annual visitors
Photo Gallery
