burger king - capital pacific · about burger king every day, more than 11 million guests visit...
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Burger King
Joe [email protected] | (415) 274-7394 CA BRE# 01191110
Zeb [email protected] | (415) 274-2702 CA BRE# 01242540
ChRis [email protected] | (415) 274-2701 CA BRE# 01002010
ChRis [email protected] | (415) 274-2703CA BRE# 00869657
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absolute NNN IN LaPlace, Louisiana4294 highway 51, laplace, louisiana 70068
Investment HighlightsFREESTANDING ABSOLUTE NNN BURGER KING IN NEW ORLEANS
MSA ON I-10. OPERATED BY APPROX. 200-STORE OPERATOR, FEATURES 2% ANNUAL INCREASES
Rentable sF . . . . 2,440 SF
lanD aRea . . . . . . 1.03 Acres
lease tYpe . . . . . . NNN
YeaR bUilt . . . . . . 2009
PRICE: $2,049,273CAP: 5.50%
loCation highlightsSite is within 300 yards of the Interstate 10 and Interstate 55 interchange, which connects New Orleans to Baton Rouge and all other points East, West, and North
Adjacent to Wendy’s, across the street from McDonalds, on separately parcelized pad to a Hampton Inn Hotel
Average household incomes of $71,304 within 5-mile radius
Excellent ingress/egress and freeway visibility with ample parking and drive-thru window
Build-to-suit for Burger King/Strategic Restaurants in 2009
opeRatoR highlightsThe tenant is Strategic Restaurants Acquisition Company, LLC (SRAC I), which operates approximately 200 Burger King restaurants throughout the U.S.
Strategic employs approximately 5,500 people and has minor bank debt.
bURgeR King highlights#2 hamburger chain in the world
Operates more than 12,000 restaurants in the U.S. and 85 other countries
lease highlightsApproximately 15 years left on primary term
Absolute NNN = no landlord responsibilities
2% annual rent increases through remaining 15 years of primary term and through each four (4) five-year options, if exercised
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belle terre boulevard
3188
W airline highway
61
e 5th street
airline highway44
628
61
Cambr
idge D
rive
51
51
Woodland Drive
10
10
RiVeRlanDs
NEW ORLEANS
10
RiVeRWooD
sUgaRlanD CenteR
laplaCe CenteR
laplace elementary
BELLE TERRE COUNTRY CLUB
RIVERLANDS GOLF AND
COUNTRY CLUB
ascension of our lord school
aCCessibilitY to maJoR Cities
Site is within 30 yards of Interstate 10 and Interstate 55 interchange, which connects New Orleans to Baton Rouge and all other points East, West, and North
Retail loCation
Adjacent to Wendy’s, across the street from McDonalds, on separately parcelized pad to a Hampton Inn Hotel
56,319 DAILY23,485 DAILY
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This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.
Income & Expense
PRICE $2,049,273
Capitalization Rate: 5.50%
Total Rentable Area (SF): 2,440
Lot Size (Acres): 1.03
STABILIZED INCOME
Scheduled Rent $112,710
LESS Per Square Foot
Taxes NNN $0.00
Insurance NNN $0.00
Structural Reserves NNN $0.00
EQUALS NET OPERATING INCOME $112,710
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This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.
Rent Roll
TENANT INFO LEASE TERMS RENT SUMMARY
Tenant Name Sq. Ft. Term Current Rent
Monthly Rent
Yearly Rent
Monthly Rent/FT
Yearly Rent/FT
Burger King 2,440 5/15 5/16 $112,710 $9,392.50 $112,710 $3.85 $46.19
5/16 5/17 $9,580.00 $114,964 $3.93 $47.12
5/17 5/18 $9,772.00 $117,263 $4.00 $48.06
5/18 5/19 $9,967.00 $119,609 $4.08 $49.02
5/19 5/20 $10,167.00 $122,001 $4.17 $50.00
5/20 5/21 $10,370.00 $124,441 $4.25 $51.005/21 5/22 $10,577.00 $126,930 $4.34 $52.02
5/22 5/23 $10,789.00 $129,468 $4.42 $53.06
5/23 5/24 $11,005.00 $132,058 $4.51 $54.125/24 5/25 $11,225.00 $134,699 $4.60 $55.205/25 5/26 $11,449.00 $137,393 $4.69 $56.31
5/26 5/27 $11,678.00 $140,141 $4.79 $57.43
5/27 5/28 $11,912.00 $142,944 $4.88 $58.58
5/28 5/29 $12,150.00 $145,802 $4.98 $59.76
5/29 5/30 $12,393.00 $148,718 $5.08 $60.95
Totals: 2,440 $112,710 $9,393 $112,710 $9,392.50 $46.19
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ABOUT BURgER KINg
Every day, more than 11 million guests visit Burger King (NYSE: BKW) restaurants around the world. Burger King Worldwide operates the world’s #2 hamburger chain by sales (behind McDonald’s) with over 12,000 restaurants in the US and more than 85 other countries. The menu includes items such as the famous Whopper burger, chicken and beef sandwiches, salads, breakfast items, along with beverages, desserts and sides. Investment firm 3g Capital took the company privately in 2010 before taking it public again in mid-2012.
For fiscal 2013 total revenue was $1.15 billion, net worth was $1.52 billion and net income was $234 million.
nYse BKW2013 ReVenUe $1.15 BillionnUmbeR oF loCations 12700+
Burger King
BURgER KINg IS THE #2 HAMBURgER CHAIN BY
SALES WITH OvER 12,000 RESTAURANTS
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Regional MapLaplace,LA
Location
BURGER KING
TRAFFIC COUNTS IN ExCESS OF
56,319 ON INTERSTATE 10
Laplace
New Orleans
32 Minutes28 Miles
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New Orleans
Area Insight & Demos
2014 popUlation & inCome 5 mile RaDiUs
the pRopeRtY is loCateD less than 30 min FRom DoWntoWn neW oRleans
Average Income $71,304
Population33,580
2014 popUlation & inCome 3 mile RaDiUs
Average Income $78,717
Population19,595
Laplace
BURgER KINg
10
Site is within 300 yards of Interstate 10 and Interstate 55 interchange, which connects New Orleans to Baton Rouge and all other points East, West, and North.
Pad to Suburban Extended Stay, and in close proximity to Holiday Inn Express, Hampton Inn, Best Western, McDonald’s and Waffle House (see detailed aerial on page 3).
Average household income within a 5-mile radius is $71,304. Subject property features excellent ingress/egress and freeway visibility with ample parking and drive-thru window.
3 Miles
5 Miles
10
10
BURgER KINg
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laplaCe, loUisiana
Laplace is located on the east bank of the Mississippi River in the New Orleans Metropolitan, which has a population of 32,736. Major industries in Laplace include office, administration, sales, and construction.
New Orleans has one of the largest and busiest ports in the world, and metropolitan New Orleans is a center of maritime industry. The New Orleans region also accounts for a significant portion of the nation’s oil refining and petrochemical production, and serves as a white-collar corporate base for onshore and offshore petroleum and natural gas production.
New Orleans is a center for higher learning, with over 50,000 students enrolled in the region’s eleven two- and four-year degree granting institutions. A top 50 research university, Tulane University, is located in New Orlean’s Uptown neighborhood. Metropolitan New Orleans is a major regional hub for the health care industry and boasts a small, globally competitive manufacturing sector.
The center city possesses a rapidly growing, entrepreneurial creative industries sector, and is renowned for its cultural tourism. greater New Orleans, Inc. acts as the first point-of-contact for regional economic development, coordinating between Louisiana’s Department of Economic Development and the various parochial business development agencies.
Location & Demos
2013 HOUSEHOLD INCOmES
POPULATION
Employer # of Employees*Ochsner Health System 10,000Tulane University 3,700Acme Truck Line 2,100Al Copeland Investments 2,071*Approximate
TOP EmPLOYERS IN NEW ORLEANS
New Orleans, LA
1-Mile 3-Mile 5-Mile
2010 726 19,655 33,7352014 736 19,595 33,5802019 722 19,056 32,720
1-Mile 3-Mile 5-Mile
Average $72,434 $78,717 $71,304Median $70,438 $64,073 $56,191
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Copyright © 2013 [Capital Pacific Real Estate Brokerage Company]
Copyright © 2015 [Capital Pacific Real Estate Brokerage Company]
Joe [email protected] | (415) 274-7394CA BRE #: 01191110
ChRis KostaneCKi [email protected] | (415) 274-2701 CA BRE#: 01002010
ChRis peteRs [email protected] | (415) 274-2703 CA BRE#: 01339983
Zeb Ripple [email protected] | (415) 274-2702CA BRE#: 01242540
the Capital paCiFiC expeRienCe - oUR DailY Commitment to oUR ClientsA unique HUMANRESULTS-DRIVEN client experience [ www .Capitalpacific .com ]