Cap Rate: 4.75%
Net Operating Income: $110,500
Square Footage: 3,200
Year Built: 2021
The Kase Group is pleased to present the rare opportunity to acquire an absolute NNN Burger King in Canton, Texas. The long-term lease features 7.5% increases every 5 years in the initial term and during the option terms and is absolute NNN with zero landlord responsibilities. This is a brand new location subject to a 20 year lease. This strategic location benefits from multiple surrounding retailers including: Walmart Supercenter, Brookshire’s, Applebee’s, Sonic, and Burke’s Outlet.
Canton is a city in and the county seat of Van Zandt County in East Texas, United States. It is roughly 60 miles (97 km) east of Dallas, Texas. As of the 2010 census, the city had a population of 3,581.