Burger King

• Major Development – The property sits within The Promenade, a 215-acre mixed-use district along N. Burkhardt Road and I-69 that anchors Evansville’s busiest east-side retail corridor. Costco, Fresh Thyme, Marshalls, and several newer shopping centers built since 2019 surround the site. Adding to that growth, The Republic is a planned $38 million mixed-use development. It will bring 153 Class-A apartments and new restaurant and commercial space to the district, backed by city TIF and state READI funding, with construction slated to begin in fall 2026.
• Absolute NNN Lease – The investment operates under an absolute triple-net (NNN) lease structure, with the tenant responsible for all operating expenses, including real estate taxes, insurance, repairs, and maintenance. This structure minimizes landlord responsibilities and provides investors with predictable, passive income and limited management obligations.
• Institutional-Grade Operator – The location is operated by Carrols Corporation, one of the nation’s largest Burger King franchise operators, with approximately 1,000 locations. Carrols was acquired by Restaurant Brands International, Burger King’s parent company, further strengthening the operator’s institutional backing and providing additional operational resources and corporate oversight.
• Established National Retail Corridor – The subject property benefits from its proximity to a strong concentration of nationally recognized retailers and restaurants, including Costco, Sam’s Club, Target, Walmart, The Home Depot, Lowe’s, Marshalls, Jersey Mike’s, and Zaxby’s. This established retail environment supports consistent consumer activity, strong retail synergy, and convenient access to surrounding shopping and dining destinations.