Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of Burger King in Garland, TX.
The Alvino Group at Marcus & Millichap’s Las Vegas office exclusively represented the seller in this transaction. The asset is located at 522 N Plano Rd and was sold for $1,300,000. This 2,994 square foot Burger King had +/-9.5 years left on a NNN ground lease. BK corporate signed a 15-year extension in 2015. The daytime population within a 3-mile radius is roughly 191,000. This asset sold within 30 days on the market.
For more information regarding the sale of this Burger King or if you have any other questions relating to net lease investments, please do not hesitate to reach out to The Alvino Group.
Dustin R. Alvino | (702) 215-7120