Burger King, Fairmont

808 Fairmont Avenue
Fairmont, WV 26554

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