Burger King | Absolute NNN Lease | Long Operating… — Sale in Lee's Summit, MO

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Business
  • Location: Lee's Summit, MO 64063

Photos

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Investment Figures

Cap rate
6.00%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

This absolute triple-net Burger King investment is secured by a long-term lease with more than 14 years of remaining term. The tenant, TK Midwest South II, LLC, is wholly owned by Tasty King, LLC, an established regional Burger King franchisee operating approximately 57 restaurants across Missouri, Kansas and Iowa. Tasty King is affiliated with Tasty Restaurant Group, LLC, a large multi-brand restaurant operator with more than 400 locations nationwide across six nationally recognized brands, including Burger King, Pizza Hut, Dunkin’, Baskin-Robbins, KFC and Taco Bell. Burger King has successfully operated at the property since 2006, demonstrating a long-term commitment to the site. The lease features 7.50 percent rental increases every five years and includes four additional five-year renewal options, providing built-in income growth. Positioned at the intersection of E. Chipman Road and NE Rice Road along Route 291, the property benefits from excellent visibility and accessibility, with convenient access to Interstate 470 and the Lee’s Summit Amtrak station. The site is surrounded by strong retail, healthcare and educational demand drivers, including Hy-Vee, Walmart Supercenter, St. Luke’s East Hospital and two nearby high schools. Supported by an affluent trade area, more than 53,000 residents and 62,000 employees are located within three miles, while average household income exceeds $121,000 within five miles and is projected to surpass $133,000 by 2030. Investment Highlights: • Absolute Triple-Net Burger King with Over 14 Years of Term Remaining • Tenant has been Operating at this Location Since 2006, Showing Strong Commitment to the Site • Guaranteed by TK Midwest South II, LLC, which is a wholly owned by Tasty King, LLC with 449 locations nationally across six brands, 57 Burger Kings, Pizza Hut, Dunkin', Baskin Robbins, KFC and Taco Be • Frontage Along Route 291, Which Sees 14,636 Vehicles per Day • Average Household Income of $121,805 Within a Five-Mile Radi

Market Context

This food service in Lee's Summit, MO is listed for sale. It is offered at an approximate 6.0% capitalization rate, a key benchmark for income-producing food service assets. Compare it against other food service listings for sale in Lee's Summit, MO — view the full market.

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