Burger King

105 West 61st Street
Merrillville, IN 46410

Overview

Jones Lang LaSalle is pleased to offer for sale the fee-simple interest in a single-tenant, freestanding Burger King (the “Property” or “Asset”) located in a rapidly growing trade area in Merrillville, IN. The Property is subject to a rare triple-net (“NNN”) lease to Burger King Corporation (the “Tenant”), a global leader in the quick service restaurant industry. The Property is well positioned less than one mile from the I-65 exit ramp and just off the heavily trafficked 61st Avenue and Broadway intersection, which drives strong store sales. As evidence of the Property’s success, the Tenant recently extended their lease by 20 years. This offering represents an outstanding opportunity to acquire a valuable property with strong store performance, leased to one of the strongest and best known quick service restaurants globally.
  • Primary Broker

    Dwight Stephenson - Net Lease Broker
    Dwight Stephenson
    312 228 2014

  • Secondary Broker(s)

    Eric Suffoletto - Net Lease Broker
    Eric Suffoletto
    (617) 316-6479

  • Alex Sharrin - Net Lease Broker
    Alex Sharrin
    312 228 3197

  • In-State Licensee

    Rebecca Wells - Net Lease Broker
    Rebecca Wells
    IN

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Investment Highlights
Excellent Store Performance
Ideal Lease Structure - NNN
Strong Credit Tenant - Corporate Guarantee
General
Property Type Retail
Property Address 105 West 61st Street
Merrillville, IN 46410
Land In Acres 0.50
Building Size 3,781 Square Feet
Primary Use Fast Food
Year Built 1983
Tenancy Single-Tenant
Financial
Price $1,092,000
Price PSF $288.81
Cap Rate 5.95%
Current NOI $65,000
Lease
Tenant Name Burger King
Guarantor Burger King
Lease Type NNN
Annual Rent $65,000
Rent PSF $17.19
Lease Expiration Date 2/28/2033
Remaining Term 15.6Yrs