Broker of Record Kyle Matthews License No. RB068831 Matthews Retail Group, Inc. 841 Apollo Street. Suite 150, El Segundo, CA 90245 (310) 919-5757
LONG-TERM, WORRY-FREE INVESTMENT
Brand New Development – This store was recently built in September 2018 to match the latest Burger King prototype!
Long-Term Lease – Tenant to sign a brand new lease with Two (2), 5-Year options to extend at the close of escrow
Absolute NNN Lease – Tenant takes care of all landlord responsibilities including tax, insurance, maintenance, roof and structure
Growing Cash Flow – There are 8% increases every 5 years – an Excellent hedge against inflation!
EXCELLENT TENANT WITH STRONG GROWTH MODEL AND BALANCE SHEET
GPS Hospitality – One of the three largest Burger King operators in the country
High Growth Operator – GPS Hospitality has 475+ Burger King, Popeyes, & Pizza Hut restaurants across, Alabama, Arkansas, Florida, Georgia, Louisiana, Maryland, Mississippi, New Jersey, Michigan, Pennsylvania, and West Virginia
A tenant with Long-Term Outlook – GPS has seen consistent year-over-year revenue growth and has a strong remodel and growth strategy
Healthy Cash Flow – Franchise Times reports that GPS Hospitality has revenues over $650 million and is halfway to its 10-year goal of $1 billion in annual revenue
FANTASTIC REAL ESTATE
Heavy Traffic Counts – Property is located just off Interstate 81 which supports over ± 46,000 VPD
Main Retail Corridor – Nearby national tenants include Dunkin’ Donuts, AutoZone, McDonald’s, Shell, Taco Bell,and many more
Working-Class Market – Average household incomes are $88,831, $86,303 and $86,382 in a 1, 3 and 5-mile radius