This property was OneV Capital’s first acquisition for 2022 as part of a 1031 exchange. This Burger King is on a 20-year lease with an additional four, five-year options to renew the lease. The business portion of the property is run by an established franchisee with over 170 Burger King locations.
This property is situated just off Highway 151 in front of a Super Walmart and a Menards in the city of Beaver Dam, WI. Additional neighboring national retailers include Arby’s, Verizon, Dollar Tree and Wendy’s just to name a few.
This absolute NNN lease (no landlord responsibilities) features 1% annual increases which provides a great hedge against long-term inflation. The franchisee has major expansion plans in the coming years so the team plans to benefit from the current cash flow while monitoring the franchisee’s growth for future selling opportunities.