Burger King 1010 Paris Road, Mayfield, KY 42066 Brand New 14-Year Absolute Triple Net Lease Four Five-Year Renewal Options Zero Landlord Responsibility 7.5 Percent Increases Every Five Years High Performing Restaurant | 8% Rent-to-Sales Awarded Franchisee | “Developer of The Year 2015” Re-Image Completed 2011 OFFERING MEMORANDUM Net Leased Restaurant
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Burger King - LoopNet · leaseback Burger King restaurant located in Mayfield, Kentucky. This region in the southwestern part of Kentucky, which is just west of the 170,000 acre Land
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Burger King 1010 Paris Road, Mayfield, KY 42066
Brand New 14-Year Absolute Triple Net Lease Four Five-Year Renewal Options Zero Landlord Responsibility 7.5 Percent Increases Every Five Years High Performing Restaurant | 8% Rent-to-Sales Awarded Franchisee | “Developer of The Year 2015” Re-Image Completed 2011
OFFERING MEMORANDUMNet Leased Restaurant
CONFIDENTIALITY AND DISCLAIMER
The information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Marcus & Millichap and should not be made available to any other person or entity without the written consent of Marcus & Millichap. This Marketing Brochure has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Marcus & Millichap has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however, Marcus & Millichap has not verified, and will not verify, any of the information contained herein, nor has Marcus & Millichap conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein.
NON-ENDORSEMENT NOTICE
Marcus & Millichap Real Estate Investment Services, Inc. (“M&M”) is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of any corporation’s logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of M&M, its affiliates or subsidiaries, or any agent, product, service, or commercial listing of M&M, and is solely included for the purpose of providing tenant lessee information about this listing to prospective customers.
N O N - E N D O R S E M E N T A N D D I S C L A I M E R N O T I C E
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SONIC PORTFOLIO TABLE OF CONTENTS
Financial OverviewInvestment SummaryRetail AerialCompany OverviewIn the NewsMarket OverviewLocation OverviewLocation MapComparable MapAverage Cap Rate GraphComparable Sales
Brand New 14-Year Absolute Triple Net Lease Four Five-Year Renewal Options Zero Landlord Responsibility 7.5 Percent Increases Every Five Years Excellent Performing Restaurants 12-Unit Franchisee
Marcus & Millichap is pleased to present this southern Kentucky sale-leaseback Burger King restaurant located in Mayfield, Kentucky. This region inthe southwestern part of Kentucky, which is just west of the 170,000 acre LandBetween the Lakes National Park. The subject property is located off ofMayfield's main retail Corridor, which includes Walmart Supercenter, Lowe’sHome Improvement, Ruler Foods and Tractor Supply Company. This BurgerKing is visible from Mayfield High School and only a few blocks from MayfieldElementary School.
The franchisee is an experienced operator, currently operating 12 Burger Kingrestaurants throughout Kentucky and Tennessee with sales approaching $17million. At close of escrow, the franchisee will sign a brand new 14-yearabsolute triple-net lease agreement with 7.5 percent Increases every five yearsand four five-year options to renew. This operator received Burger King’scoveted “Developer of the Year” award in 2015.
Parent Company Restaurant Brands International, Inc.
Credit Rating B1
Stock Ticker QSR
2016 Sales $18,209.2 MM
Current Price $66.20 as of 10/12/2017
52 Wk High/Low $42.35 - $66.54
Financial Markets
Store Count 20,351
No. of Employees 30,300
TTM Sales $4,145,800 B
Financial Markets
#2 Fast Food Hamburger Chain, Globally More than $16 billion in annual system-wide sales, and nearly 350,000 team members, worldwide as of August22nd, 2014. The concept has a market capitalization of roughly $10 billion.
Global Brand Presence | Fully-Franchised Business Model Nearly 14,000 restaurants in 100+ countries. QSR industry-leading EBITDA margins.
Rich Heritage | Stable, Reliable Long-Term Ownership Founded in 1954 with deep ties to the Miami Community. Burger King has been actively managed by3G since 2010.
Recent Merger with Tim Hortons As of 2014, both concepts will reside under the “Restaurant Brands International” title. 3G Capital is primarilyresponsible for the financing that helped the merger to finish. Corporate headquarters will be moved to Ontario,Canada.
Creating 3rd Largest Global QSR | Value Creation New company will generate $23 billion in system sales with attractive business mix. Leading growth andprofitability driving long term value creation for shareholders
Great Food Comes FirstEvery day, more than 11 million guests visit BURGER KING® restaurants around the world. And they do so becauseour restaurants are known for serving high-quality, great-tasting, and affordable food. Founded in 1954, BURGERKING® is the second largest fast food hamburger chain in the world. The original HOME OF THE WHOPPER®, ourcommitment to premium ingredients, signature recipes, and family-friendly dining experiences is what has definedour brand for more than 50 successful years.
3G CAPITAL 3G Capital is a global investment firm focused on long-term value, with a particular emphasis on maximizing thepotential of brands and businesses. The firm and its partners have a strong history of operational excellence, boardinvolvement, deep sector expertise, and an extensive global network. 3G Capital works in close partnership withmanagement teams at its portfolio companies and places a strong emphasis on recruiting, developing and retainingtop-tier talent. In October 2010, 3G Capital completed the acquisition of Burger King®, one of the most widelyrecognized consumer brands in the world
Restaurant Brands International Inc. Reports Second Quarter 2017 Results – August 2, 2017
Read More…
Restaurant Brands International Inc. Announces Election of Directors – June 6, 2017
Read More….
Restaurant Brands International Inc. Reports First Quarter 2017 Results – April 26, 2017
Read More…
Restaurant Brands International Inc. Announces Successful Completion of its Tender Offer to Purchase All of the Outstanding Shares of Popeyes Louisiana Kitchen, Inc.
Mayfield, KYMayfield, KY is a part of Graves County and was one of the eight countiesinvolved in the Jackson Purchase. Gaves is one of Kentucky's largestcounties. The city of Mayfield has four large College/University’s within a40-mile radius: Murray State University, Western Kentucky Community andTechnical College, The University of Tennessee-Martin and Bethel University.Mayfield’s labor market is projected to experience continued growth,ensuring an even greater supply of skilled and educated workers. Also, thecounty is home to the West Kentucky Skilled Craft Training Center andmultiple vocational and technical schools. Mayfield is also convenientlylocated within driving distance of four major cities: Nashville, Memphis, St.Louis and Louisville. The low cost of living and high quality of life afforded inthis centrally-located region of the United States is second to none. Withfull-service rail, excellent interstate access, close-proximity ports and localair travel, Mayfield and Graves County offer local business access to globalmarkets, both efficiently and inexpensively.
POPULATION PROFILE 1 Miles 3 Miles 5 MilesPopulation By Age
2016 Estimate Total Population 5,638 13,512 17,503Under 20 27.62% 27.25% 26.69%20 to 34 Years 21.51% 19.53% 18.68%35 to 39 Years 5.89% 5.78% 5.76%40 to 49 Years 10.35% 11.17% 11.57%50 to 64 Years 17.07% 18.40% 19.09%Age 65+ 17.55% 17.85% 18.18%Median Age 35.68 37.72 39.00
Population 25+ by Education Level
2016 Estimate Population Age 25+ 3,675 8,954 11,736Elementary (0-8) 8.68% 7.54% 7.13%Some High School (9-11) 13.73% 11.73% 11.17%High School Graduate (12) 33.15% 33.19% 34.14%Some College (13-15) 22.51% 21.47% 21.29%Associate Degree Only 4.21% 6.22% 6.94%Bachelors Degree Only 8.79% 11.18% 11.17%Graduate Degree 5.40% 5.86% 5.82%