7843 Brewerton RdCicero, NY 13039

For Sale
$2,000,000

High-return Burger King investment. Strong lease terms.

Overview

Added:
Dec 11, 2024
Days on market:
96
This exceptional investment opportunity presents a fee-simple, absolute NNN leased Burger King property located at 7843 Brewerton Rd, Cicero, NY 13039. The property, built in 1986 and renovated in 2015, sits on a 1.01-acre lot and encompasses 3,601 square feet. A new 15.9-year lease commenced July 1st, 2024, and expires May 31st, 2040, with a remaining term of 15.5 years. The current annual rent is $100,000, with a 10% rent increase every five years. The lease is backed by a corporate guarantee from Carrols Corp, recently acquired by Restaurant Brands International (RBI), ensuring financial stability. The property boasts a 5.00% cap rate and a price per square foot of $555.40, totaling an asking price of $2,000,000. The property's strategic location, just off Interstates 481 and 81, at a traffic light regulated intersection with a bus stop, and across from a Lowe's and Price Chopper anchored shopping center, ensures high visibility and accessibility. The property is 100% occupied and offers four five-year lease options. This is a prime opportunity for 1031 exchange investors seeking a stable, high-yielding investment with significant long-term potential. The building's value is depreciable for tax purposes.

Highlights

  • Absolute NNN lease.
  • Fee simple ownership; building value is depreciable.
  • Corporate guarantee from Carrols Corp, a Restaurant Brands International subsidiary.
  • New 15-year lease with 10% rent increases every five years.
  • High-visibility location near Interstates 481 and 81, at a signalized intersection with a bus stop, across from a Lowe's and Price Chopper-anchored shopping center.

Property Details for 7843 Brewerton Rd

Property type
Other retail properties, Restaurants
Square Feet
3,601 SF
Class
A
Year Built/Renovated
1986/2015
Lot Size (sq. ft)
43,996 SF

Location Insight

City
Cicero
County
Onondaga
State
New York
Latitude
43.148885491198
Longitude
-76.12589336302
7843 Brewerton Rd, Cicero, New York

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7843 Brewerton Rd
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