Burger King

Investment Overview

Newmark is pleased to offer the fee interest in the absolute NNN leased Burger King pad at 47th Street Pavilion, the regions #1 retail destination. The Property was built by Burger King in 2007 under a 20-year ground lease with fixed 10% increases every five (5) years. Strategically positioned in front of Home Depot at the primary and signalized access point off 47th Street, the property benefits from the tremendous drawing power of the areas only Super Target, high volume Home Depot, Ross, dd’s Discounts, PetSmart, Bank of America, Wells Fargo, Starbucks, Pacific Dental, and High Desert Medical Group.

Investment Highlights

• Strong Credit Tenant. Burger Kings parent company, Restaurant Brands International (NYSE:QSR), carries a market cap of $32 billion with TTM revenues in excess of $9.7 billion, making it one of the most coveted restaurant brands in the world. Burger King is the 2nd largest hamburger fast food chains, with over 19,000 locations worldwide.
• Proven & High Volume Location. Burger King has operated at 47th Street Pavillion for nearly 20 years, generating nearly 300k visits over the last 12-months and estimated sales approaching $1,000 PSF (Placer.ai).
• Passive Absolute NNN Ownership. Ground lease ownership is one of the most passive and hands off investment vehicles with the tenant paying all taxes, insurance, and CAM directly and self-maintaining the building. The options also are set to automatically renew unless otherwise notified by tenant.
• Dominant Retail Location. 47th Street Pavilion continues to be one of the areas top retail destinations, drawing over 6.5 million visits in 2025. The Burger King store drew 292K visits in the past year, up 16.6% (Placer.ai).
• Ideal 1031 Exchange Opportunity. Price point, near term growth, passive ownership, below market rent, and tenant stability make this an ideal 1031 exchange candidate.