1005 Bill Tuck Highway, South Boston, VA, USA

The Ivy Group is pleased to have represented the buyer in this purchase of a quick service restaurant located 1005 Bill Truck Highway in South Boston, VA. The property is occupied by Burger King, one of the world’s most recognized consumer brand with a strong track record of proven operational expertise.

The subject property consists of roughly 3,472 square feet of building space on approximately a 1.09-acre parcel. This investment opportunity is subject to a 20-year Triple-Net (NNN) lease, which has 13 years remaining. The annual rent is $111,307 and is scheduled to increase by two percent (2.00%) annually continuing throughout the base term and four, five-year tenant option periods.

About the Investment

• Long-Term Lease | 12.5 Years Remaining on an Original 20-Year Lease
• Triple Net (NNN) Lease with Zero Landlord Responsibilities
• Carrols Restaurant Group, one of the Largest Restaurant Companies and Franchisee’s in the United States
• Attractive Rental Increases of 2.00% Annually
• Four (4) Tenant Renewal Periods of Five (5) Years Each