June 4, 2018 – Kyle Danielson, Bob Horvath, and Todd Tremblay of Horvath & Tremblay have successfully completed the sale of a free-standing Burger King in Edgewood, Maryland. Horvath & Tremblay exclusively represented the seller and procured the buyer in the transaction to close the property at a sale price of $909,000.
Burger King fully occupies a 4,138-square foot building located on an outparcel in a mixed-use shopping center featuring a Ramada Hotel & Conference Center, Sleep Inn Suites, Denny’s, Waffle House, Sunoco and Exxon. Burger King has been in occupancy and operating at the Property since its construction in 1985. The absolute triple-net lease has 7+ years of term remaining followed by four, 5-year renewal options. The Burger King lease provides for a 10% rent increase every five years both in the current lease term and at the start of each renewal period.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.