Burger King - Lakeland, FL

Investment Overview

Rare opportunity to acquire a high performing Burger King investment strategically positioned within one of Central Florida's most active long term growth corridors. Unlike traditional single tenant net lease investments that rely solely on fixed rental income, this offering combines stable in place cash flow, recurring percentage rent participation, future redevelopment potential and long term land appreciation. Situated on approximately 1.20 acres at the US Highway 98 and Interstate 4 corridor, the property is leased through April 2029, with an automatic 10 year renewal extending the term to April 2039 unless the tenant delivers written notice of non renewal before September 21, 2028. Contractual base rent steps from $100,000 to $125,000 in 2029 and $150,000 in 2034, independent of sales performance. In addition to base rent, the lease provides 8.5% percentage rent on gross sales above the minimum an override the store has generated in every lease year shown, producing $52,454 in trailing three year average annual override income. Total in place revenue of $152,454 prices the offering at a 4.76% cap rate on the combined base and percentage rent basis; buyer to verify all figures against the executed lease and monthly sales records in the due diligence package. The property's long term strategic value has been validated by third party redevelopment interest. Per ownership, a redevelopment focused buyer previously submitted an acquisition proposal exceeding the asking price, including a cash for keys offer to the tenant to obtain site control. The tenant declined without submitting a counteroffer, demonstrating commitment to the location while validating the underlying land value. Documentation available for review during due diligence; buyer to verify. Located within Lakeland's Midtown CRA District, the property benefits from continued public and private investment throughout the surrounding trade area, including FDOT's US-98 widening program, the Gibson Trails and Prospect Lake Wire residential programs, and commercial intensification near Lakeland Park Center. Institutional confidence is evidenced by the recently developed CarMax directly across the street and a dense corridor of national operators including LongHorn Steakhouse, Denny's, Bob Evans, Waffle House, Dunkin' and Domino's. As population growth, retail demand and commercial development continue throughout the Tampa Orlando corridor, highly visible interstate retail locations with proven traffic patterns and redevelopment potential become increasingly scarce. This is more than a passive NNN investment it is a strategic real estate position offering immediate income, sales linked percentage rent upside, redevelopment optionality and long term value creation.

Investment Highlights

• - Burger King Ground Lease | NNN with 8.5% Percentage Rent Participation
• - $3,200,000 Offering Price | 4.76% Cap Rate on Total Revenue (Base + Percentage Rent)
• - $152,454 Total Revenue: $100,000 Base Rent + $52,454 Trailing Three Year Average Override
• - Percentage Rent Collected Every Year Shown; Sales Exceed the Breakpoint by $625,000+
• - Automatic 10 Year Renewal to April 2039 Unless Tenant Opts Out in Writing Before September 21, 2028
• - Contractual Base Rent Steps to $125,000 (2029) and $150,000 (2034), Independent of Sales
• - Operating Continuously at This Location Since 1979 - 47+ Years of Tenancy
• - Demonstrated Redevelopment Interest: Prior Proposal Above Asking Price (Per Ownership; Buyer to Verify)
• - Tenant Declined Cash for Keys Proposal Without Counteroffer, Confirming Commitment to the Site
• - 1.20 Acres, Fee Simple Hard Corner on US Highway 98 with Immediate I-4 Access
• - Located Within the Lakeland Midtown CRA District
• - Directly Across from the New CarMax Development
• - Rare Combination of Current Income, Sales Linked Upside and Long Term Land Value