Burger King, Fairmont

808 Fairmont Avenue
Fairmont, WV 26554

PROPERTY SOLD

Property: Investment Sales

Square Footage: +/- 3,731

Acreage: +/- .863

Price: $2,752,000

Cap Rate: 6.50%

Description:

  • 20 year absolute NNN lease with 7.5% rent bumps every 5 years and 4 renewal options of 5 years each
  • Existing location built in 1996 and remodeled in 2011 with above average store sales of $1.925 million in 2014
  • Franchisee operator with 136¬†current units and over 30 years experience in the fast food industry
  • Close proximity to downtown, Fairmont State University (4,600 students), Fairmont General Hospital (700 employees), Fairmont Field Club & Golf Course, Fairmont Municipal Airport and the I-79 Technology Park
  • The I-79 Technology Park is currently a 400 acre 750,000 SF class A office and data center community with over 30 businesses and 1,500 employees – the Park has capacity for over 1.5 million SF of space and potential workforce over 10,000
  • Traffic counts over 14,500 in front of propery and over 126,000 residents in a 15 mile radius