1699 Us-9Clifton Park, NY 12065

For Sale
$3,913,043

High-performing Burger King, NNN lease.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a 3,692 square-foot Burger King restaurant located in Clifton Park, NY, within the Albany MSA. Boasting a 5.75% cap rate and a strong NOI of $225,000, this property benefits from a recently signed 15-year absolute NNN lease (commencing August 1, 2023, and expiring July 31, 2038) with a prominent tenant. The lease includes 10% rent bumps every five years and three five-year renewal options with CPI increases. The property sits on a 0.85-acre lot and was built in 1981, renovated in 2004, and enjoys 100% occupancy. Its prime location at the intersection of US Highway 9 and Clifton Park Boulevard (combined 66,734 vehicles per day), with immediate access to Interstate 87 (101,367 VPD), ensures high visibility and accessibility. The surrounding area features numerous shopping centers and strong national retailers including Lowe's, The Home Depot, Target, Kohl's, and more. This affluent area boasts an average household income exceeding $132,037 within a five-mile radius, encompassing a population of nearly 70,000. The Burger King location itself is ranked within the top 1% of all Burger King stores nationally, further solidifying its investment potential. The operator, Carrols Corporation, was acquired by Restaurant Brands International in Q2 2024, demonstrating the strength and stability of the tenant. This is a truly exceptional opportunity for a savvy investor seeking a high-performing, low-maintenance asset with significant long-term growth potential.

Highlights

  • Top 1% nationally performing Burger King location (details available upon request).
  • Albany MSA location.
  • Secured by Restaurant Brands International (RBI) following Carrols Corporation acquisition in Q2 2024.
  • Recent 15-year lease extension.
  • Strong operating history since 1994.
  • Triple-Net (NNN) lease; no landlord responsibilities.

Property Details for 1699 Us-9

Property type
Other retail properties, Restaurants
Square Feet
3,692 SF
Year Built/Renovated
1981/2004
Lot Size (sq. ft)
37,026 SF

Location Insight

City
Clifton Park
County
Saratoga
State
New York
Latitude
42.8628505
Longitude
-73.7682226
1699 Us-9, Clifton Park, New York

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1699 Us-9
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