Prime NNN Investment Opportunity - Burger King! Acquire a freestanding, income-producing restaurant property leased to an established Burger King franchisee operating more than 50 locations throughout Arizona. The long-term NNN lease runs through December 2039, with four additional 10-year renewal options and scheduled rent increases, providing dependable, low-maintenance income at an approximate 5.15% cap rate. Sale includes the land, building, improvements, and assignment of the existing lease. Strategically located on the busy Thunderbird Road corridor just east of Loop 101, offering convenient freeway access and excellent commercial visibility. An ideal addition to an investment portfolio. Real estate only; business and franchise not for sale. Please do not disturb tenant or employees. INVESTMENT OPPORTUNITY
Burger King Restaurant
8425 W. Thunderbird Road, Peoria, Arizona
This offering presents the opportunity to acquire a freestanding Burger King restaurant property leased to Barnett Krispin II, LLC under a long-term NNN Lease. The existing Lease extends through December 1, 2039, providing approximately 13 years of remaining contractual term, scheduled rental increases, and four additional 10-year renewal options.
INVESTMENT HIGHLIGHTS
Tenant: Barnett Krispin II, LLC
Property Use: Burger King Restaurant
Lease Structure: NNN Lease
Offering Price: $2,350,000
CAP Rate: Approximately 5.15%
Current Base Rent: $10,083.34 per month
Current Annual Base Rent: $121,000.08
Current Total Tenant Payment: $10,426.17 per month*
Lease Expiration: December 1, 2039
Rent Increases: 10% every five years
Next Scheduled Rent Increase: March 2030
Projected March 2030 Base Rent: Approximately $11,091.67 per month
Renewal Options: Four additional 10-year options
Personal Guaranty: Thomas D. Barnett and Georgia C. Barnett, husband and wife; assignable by the Lessor pursuant to the Guaranty.
Tenant Expense Responsibilities: Tenant responsibilities include real estate taxes, insurance, utilities, operating costs, interior and exterior maintenance and repairs, parking lot maintenance, landscaping, HVAC maintenance, roof maintenance and repairs, structural maintenance, and other expenses as provided under the Lease.
TENANT / OPERATOR PROFILE
Barnett Krispin II, LLC is affiliated with Barnett Management Company, a long-established Arizona restaurant operator founded by Tom Barnett, with Shelley Krispin later joining the organization and becoming a partner. The organization has decades of experience operating Burger King restaurants in Arizona and has developed an established multi-unit presence throughout the market. Published franchise materials have identified Barnett Management as one of Arizona's largest Burger King franchise operators, with its portfolio growing to more than 50 Burger King restaurants in Arizona.
Barnett Krispin II, LLC is the tenant under the Lease and operates the premises as a Burger King restaurant. Burger King Corporation is not the named tenant under the Lease.
NNN LEASE STRUCTURE
The Lease is structured as a NNN Lease, with the tenant responsible for real estate taxes, insurance, utilities, operating costs, maintenance and repairs, and other expenses as provided under the Lease.
The tenant's maintenance responsibilities include the interior and exterior of the premises, parking lot maintenance, landscaping, air-conditioning maintenance, roof maintenance and repairs, and structural maintenance. Except for certain limited obligations expressly provided under the Lease, the Lease states that the Lessor has no responsibility for providing utilities, services, maintenance, repairs--structural or otherwise--or insurance for the premises.
The tenant is also required to maintain property and liability insurance as specified under the Lease and is responsible for the cost of the required insurance coverage.
PERSONAL GUARANTY
The obligations of Barnett Krispin II, LLC under the Lease are supported by a Personal Guaranty executed by Thomas D. Barnett and Georgia C. Barnett, husband and wife. The Guaranty covers the tenant's obligations under the Lease and expressly provides that it may be assigned by the Lessor. The complete Personal Guaranty will be made available to prospective purchasers for review as part of their due diligence.
BUILT-IN INCOME GROWTH
The Lease provides for 10% increases in base rent every five years, creating scheduled income growth throughout the remaining lease term.
Current contractual base rent is $121,000.08 annually, representing an approximate 5.15% CAP rate based upon the $2,350,000 offering price.
Based upon the existing Lease escalation provision, base rent is projected to increase in March 2030 to approximately $11,091.67 per month, or $133,100 annually, representing an approximate 5.66% yield on the original $2,350,000 acquisition price.
CURRENT RENT & PAYMENT BREAKDOWN
The current contractual base rent is $10,083.34 per month.
The tenant is currently remitting $10,426.17 per month, consisting of:
Contractual Base Rent: $10,083.34 per month
Additional Monthly Payment: $342.83 per month
Total Current Monthly Payment: $10,426.17 per month
The additional $342.83 monthly payment equals approximately 3.40% of the current contractual base rent. The nature and continuation of this additional payment should be independently verified from landlord and tenant payment records.
The additional $342.83 monthly payment has not been included in the advertised 5.15% CAP rate.
*Current tenant payment includes contractual base rent plus the $342.83 additional monthly payment.
INVESTMENT OVERVIEW
This offering combines a NNN Lease structure, long-term occupancy, scheduled contractual rent increases, extensive tenant expense and maintenance responsibilities, multiple long-term renewal options, and a Personal Guaranty supporting the tenant's obligations under the Lease.
With the current Lease extending through December 2039, the property offers an investor more than a decade of remaining contractual term together with predetermined rental growth. The 10% base rent increases every five years provide scheduled income growth without relying solely upon future market-rent appreciation.
Under the NNN Lease structure, the tenant is responsible for real estate taxes, insurance, utilities, operating costs, and extensive property maintenance and repair obligations, including roof and structural maintenance, as provided under the Lease.
PROPERTY SALE & CONFIDENTIALITY NOTICE
The offering is for the real estate only, including the land, building, improvements, and the seller's interest as landlord under the existing Lease, which will be assigned to the purchaser at closing.
The Burger King franchise and restaurant operating business are not included in the sale.
Prospective purchasers, brokers, and their representatives are asked not to approach or communicate with restaurant managers, employees, customers, or other restaurant personnel regarding the offering or potential sale, as such communication could unnecessarily disrupt operations or create concern among employees.
All inquiries, property access, and requests for additional information should be directed exclusively through the listing brokers.
MARKETING DISCLAIMER
The foregoing information is provided for marketing and informational purposes only and is subject to independent verification. This marketing material is intended as a summary of certain provisions of the Lease and related documents and is not intended to replace, amend, interpret, or modify those documents.
Prospective purchasers should independently review and verify the complete Lease, Personal Guaranty, amendments and related lease documents, rental amounts, additional charges, tenant obligations, renewal options, financial and payment records, title information, property information, and all other due-diligence materials before making an investment decision. In the event of any discrepancy, the applicable executed documents shall control.