Burger King | New 15-Yr NNN | 10% Bumps/5 Yrs |… — Sale in Stevensville, MI

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Business
  • Location: Stevensville, MI 49127

Photos

Burger King | New 15-Yr NNN | 10% Bumps/5 Yrs |… — Sale in Stevensville, MI, photo 1 of 3
Burger King | New 15-Yr NNN | 10% Bumps/5 Yrs |… — Sale in Stevensville, MI, photo 2 of 3
Burger King | New 15-Yr NNN | 10% Bumps/5 Yrs |… — Sale in Stevensville, MI, photo 3 of 3

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

Marcus & Millichap is pleased to present a freestanding Burger King with drive-thru at 4626 Red Arrow Highway in Stevensville, Michigan, along the Lake Michigan shoreline in Berrien County. The ±3,942-square-foot restaurant, remodeled in 2022, sits on ±1.30 acres and is secured by a new 15-year NNN lease with zero landlord responsibilities and four (4) five-year renewal options. Annual base rent of $140,477 produces a 6.00% cap rate, with 10% rent increases every five years providing built-in income growth. The lease is guaranteed by Crown Hospitality Partners, Inc., an experienced 36-unit Burger King franchisee with seven decades of combined system experience. The property is positioned along Red Arrow Highway (±15,450 VPD) near Interstate 94 (±41,432 VPD) at Exit 23, serving commuter and visitor traffic between southwest Michigan and the Chicago metro area. Corridor neighbors include Meijer, Tractor Supply, ALDI, Culver's, and Taco Bell. The 3-mile trade area holds 19,383 residents with an average household income of $134,262, supported by Corewell Health St. Joseph Hospital (290+ beds) and Lakeshore High School (800+ students). Major area employers include Whirlpool Corporation and Cook Nuclear Plant. Burger King operates 19,000+ locations in 120+ countries as a flagship brand of Restaurant Brands International (NYSE: QSR), pairing global brand strength with passive net-lease income. Investment Highlights: • New 15-Year NNN Lease with Zero Landlord Responsibilities • Four (4) Five-Year Renewal Options, Up to 35 Years of Total Occupancy • Scheduled 10% Rent Increases Every Five Years • Guaranteed by Crown Hospitality Partners, Inc. (36-Unit Burger King Franchisee) • Recently Remodeled in 2022 on ±1.30 Acres w/ Drive-Thru • Red Arrow Highway (±15,450 VPD) Near Interstate 94 (±41,432 VPD) at Exit 23 • Affluent 3-Mile Trade Area w/ $134,262 Average Household Income • Corewell Health St. Joseph Hospital (290+ Beds) and Lakeshore High School (800+ Students)

Market Context

This food service in Stevensville, MI 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 Stevensville, MI — view the full market.

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