BURGER KING - Ladt Advisory Team
←
→
Page content transcription
If your browser does not render page correctly, please read the page content below
ACTUAL SITE BURGER KING
OVERLAND PARK (KANSAS CITY MSA), KS
10-YRS REMAINING ON ABSOLUTE EXCELLENT ACCESS AND HIGH-GROWTH MARKET,
NNN LEASE, 5% INCREASES VISIBILITY TO 45,600 CARS/ POPULATION INCREASED 47%
DAY AT SIGNALIZED
EVERY 5 YEARS INTERSECTION SINCE 2000, 237,348 RESIDENTS IN
PRIMARY TRADE AREA
QUIVIRA RD
OAK HILL ELEMENTARY
460 STUDENTS 20,500 VPD
OXFORD MIDDLE SCHOOL
588 STUDENTS
QUIVIRA CROSSING
COTTONWOOD ELEMENTARY
436 STUDENTS
OVERLAND POINTE
UNDER DEVELOPMENT
®
CRYSTAL SPRINGS
248-UNIT BLUE VALLEY NORTHWEST HIGH SCHOOL
APARTMENT COMPLEX
WITH RETAIL & OFFICE SPACE 1,608 STUDENTS
30,600 VPD
W 135TH ST
BLUE VALLEY
RECREATION
SPORTS COMPLEX PALAZZO
127-ACRE FACILITY
HARMONY ELEMENTARY
15,000 VPD 537 STUDENTS
S BLACK BOB RD
SUNSET RIDGE ELEMENTARY
LIBERTY VIEW ELEMENTARY
470 STUDENTS
RESIDENTIAL 456 STUDENTS
COMMUNITIES
237,348 RESIDENTS IN
PRIMARY TRADE AREA 2
LEASE SUMMARY
LEASE TYPE Absolute NNN
11810 W 135TH ST,
OFFERING SUMMARY
GUARANTOR Genesh, Inc.
OVERLAND PARK, KS 66221 ROOF & STRUCTURE Tenant Responsible
TENANT Burger King
LEASE TERM 20 Years
$1,838,000 RENT COMMENCEMENT 11/22/2011
RENT EXPIRATION 7/31/2031
6.00% CAP RATE INCREASES 5% Increases Every 5 Years & In Options
OPTIONS Four, 5-Years
RENT SUMMARY
TERM MONTHLY ANNUAL
Years 11 - 15 $9,187.50 $110,250.00
GROSS LEASABLE AREA LOT SIZE
Years 16 - 20 $9,646.83 $115,762.00
2,806 SF .82 ACRES
Option 1 $10,000.00 $120,000.00
Option 2 $10,500.00 $126,000.00
Option 3 $11,000.00 $132,000.00
Option 4 $11,583.33 $139,000.00
YEAR BUILT NOI
2011 $110,250
3
W
15,000 VPD
QUIVIRA RD
30,600 VPD
TH ST
W 135
RESIDENTIAL
COMMUNITIES
237,348 RESIDENTS IN
PRIMARY TRADE AREA 4
QUIVIRA CROSSING
®
5TH ST
W 13
15,000 VPD
30,600 VPD
QU
IV
RESIDENTIAL IR
COMMUNITIES A
237,348 RESIDENTS IN
RD
PRIMARY TRADE AREA 5
E OVERLAND POINTE
QUIVIRA CROSSING
PALAZZO
®
30,600 VPD
QUIVIRA RD 15,000 VPD
W 135
TH ST
RESIDENTIAL
COMMUNITIES
237,348 RESIDENTS IN
PRIMARY TRADE AREA 6
INVESTMENT HIGHLIGHTS
SECURE INCOME STREAM
• 10-Years Remaining on Absolute NNN Lease
• 5% Increases Every 5 Years and Renewal
Options
• Experienced Operator with 51 Locations in
Kansas & Missouri
• Guaranteed by Corporate Entity for Franchisee,
Ganesh Inc.
• Upward Trending Sales Over Last 3 Years
PROXIMITY
• 237,348 Residents in Primary Trade Area
• Affluent Suburb of Kansas City with An Average Household
Income of $171,652
• High-Growth Market, Population Increased 47% Since 2000
• Outparcel to Price Chopper Anchored Center
• Excellent Visibility to 45,600 Cars/Day at Signalized
Intersection
• Close Proximity to MidAmerica Nazarene University with
2,239 Students
• 1 Mile to Deanna Rose Farmstead and KU Edwards Campus
Soccer Complex with 5 Million Visitors Per Year
• Other Nearby National Tenants Include Walmart, Sam’s Club,
Home Depot, Aldi, Lowe’s
ADDITIONAL PHOTOS
ADDITIONAL PHOTOS
9
D R O N E F OOTAG E
CLICK TO WATCH
10LOO
P RD
W 135TH ST
VPD LOT SIZE GLA
45,600
AT INTERSECTION
0.82
Acres
2,806
SF
11TENANT OVERVIEW
BURGER KING
Every day, more than 11 million guests visit Burger King restaurants around the world. And
they do so because their restaurants are known for serving high-quality, great-tasting, and
affordable food.
Founded in 1954, Burger King is the second largest fast food hamburger chain in the world.
The original Home of the Whopper, their commitment to premium ingredients, signature
recipes, and family-friendly dining experiences is what has defined the brand for more than
50 successful years.
RESTAURANT BRANDS INTERNATIONAL
Restaurant Brands International Inc. is one of the world’s largest quick service restaurants
companies with approximately $20 billion in annual system-wide sales and over 27,000
restaurants in more than 100 countries and U.S. territories. RBI owns three of the world’s most
prominent and iconic quick service restaurant brands - TIM HORTONS ®, BURGER KING ®,
and POPEYES ®. These independently operated brands have been serving their respective
guests, franchisees, and communities for over 45 years.
WWW.BK.COM
HEADQUARTERS LOCATIONS STOCK SYMBOL LOCATIONS
MIAMI, FL 7,200+ QSR 27,000
LOCATED IN USA NYSE GLOBALLY
LOCATIONS SYSTEMWIDE
TOTAL REVENUE # OF STATES SALES
$1.6B1,923+ $20B
49 R E P R E S E N TAT I V E P H O T O
IN 2020 2020
12FRANCHISEE OVERVIEW
GANESH, INC.
Founded in 1998, Genesh, Inc. is a Kansas-based franchisee of Burger King Corporation.
Currently, we operate 51 restaurants in Kansas and Missouri with new locations being opened
regularly. To see a current list of our restaurants, click on the Locations link.
Burger King® is all about ‘Have It Your Way’ and we strive each and everyday to provide a
rewarding, challenging, and fair work environment for all of our team members, and restaurant
leaders. We also want to provide a great dining visit for each one of our guests. Burger King®
(BKC) is the second largest fast food hamburger chain in the world with more than 11,200
restaurants in all 50 states and 69 countries and U.S. territories worldwide. We are proud to be
a Burger King® franchisee. We are committed to providing an excellent dining experience and
terrific value to our guests while providing a fair, challenging and motivational work environment
for our employees.
WWW.GENESHINC.COM
HEADQUARTERS LOCATIONS STATES FOUNDED
LENEXA 51 KANSAS 1998
KANSAS MISSOURI
13O V E R L A N D PA R K , K A N S A S
THE SUNFLOWER STATE
The nationally-recognized city, Overland Park encompasses nearly 76 square miles of Johnson County, and is the second most populous city in Kansas and metropolitan Kansas City.
On May 20, 1960, Overland Park was incorporated as a first-class city. The 1960s and 1970s brought major development to Overland Park, including many residential subdivisions,
Metcalf South Shopping Center, Corporate Woods, Oak Park Mall, and the early days of Deanna Rose Children’s Farmstead. During this time, the City built a new City Hall and
moved many operations to Santa Fe Drive and Antioch, where City Hall is today. During the 1980s, the city experienced a boom in commercial and residential development. By
1988, the city’s population passed 100,000. In the early 1990s, City officials focused their efforts on renovation the historic downtown area, dedicating the Clock Tower Plaza and
building the Farmers’ Market pavilion. Eventually, this included opening the Matt Ross Community Center at 81st and Marty. Overland Park continued to thrive in the early 2000s and
has been envisioned as a self-sustaining, well planned, “park-like” community that has strong commerce, quality education, vibrant neighborhoods, convenient transportation and
accommodating recreational facilities – all amenities that today, make Overland Park one of the best places to live and grow up.
ATTRACTIONS ECONOMY
Whether you want to channel your inner explorer and learn more about Located only 13 miles southwest of Kansas City, Overland Park is a
natural history and science, travel back in time to a frontier farm or take major center for business in Kansas and earned a AAA rating – the
a hike (literally!) through gardens, bluffs and prairie, Overland Park has highest bond rating – from Moody’s, Standard & Poor’s and Fitch for
an attraction you’ll love. The Museum at Prairiefire celebrates history sound financial planning and budgeting. As the second largest city in
and science with a combination of permanent and temporary exhibits Kansas, Overland Park is home to more than 3,800 companies and
designed to educate visitors with immersive, interactive environments. major employers such as Sprint’s world headquarters, AT&T and J.P.
If you love the outdoors, the Overland Park Arboretum and Botanical Morgan, to name a few. The service sector constitutes most of the
Gardens stretches over an incredible 300 acres filled with more than local economy. Health care, retail trade, professional and technical
a dozen gardens, hiking trails and a 180-acre prairie that showcases services, finance and insurance, and information technology are the
native grasses and wildflowers in their full splendor. city’s five largest industries.
EDUCATION TRANSPORTATION
There are 4 colleges in Overland Park and 39 colleges within 50 miles Businesses benefit from the Johnson County Airport, which operates
enrolling a total of 143,146 students. The top rated college in the area a 4,100-foot runway accommodating more than 50,000 operations
is University of Kansas in Lawrence. The largest college in the area is annually. Nearby Interstates 35 and 435, as well as the Overland
University of Kansas enrolling 27,690 students. Parkway and Switzer Bypass, help carry commuters to work throughout
western Overland Park. The closest international airport is Kansas City
International airport approximately 31 miles north.
14Population (2021)
Average Household Income (2021)
DEMOGRAPHICS
POPULATION 1 MI 3 MI 5 MI
2021 Total 15,367 101,184 237,348
2026 Projected 16,729 107,547 250,451
Total Daytime Population 12,517 93,716 267,501
Population Change 2010-2026 8.9% 6.3% 5.5%
HOUSEHOLDS 1 MI 3 MI 5 MI 237,348
2021 Total Households 5,250 38,104 90,271
2026 Total Households 5,711 40,532 95,228 101,184
Household Change 2020-2026 1.71% 1.15% 1.01%
15,367
INCOME 1 MI 3 MI 5 MI
2021 Median Income $141,392 $107,636 $96,508
2021 Average Income $171,652 $139,558 $127,482
$171,652
AGE/HOME VALUE 1 MI 3 MI 5 MI
2021 Est. Median Age 37.5 37.7 38.3 $139,558
18 and Older 73.7% 75.2% 75.6%
2021 Est. Median Home Value $386,955 $338,883 $297,138 $127,482
2026 Est. Median Home Value $397,326 $355,795 $320,932
EDUCATION 1 MI 3 MI 5 MI
Bachelor’s Degree or Higher 50% 43% 38.4%
267,501 50% 237,348 $139,558 250,451 $338,883
TOTAL DAYTIME POPULATION INDIVIDUALS WITH A BACHELOR’S 2026 TOTAL POPULATION 2021 EST. MEDIAN
2021 TOTAL POPULATION AVERAGE HOUSEHOLD
WITHIN 5 MILES DEGREE OR HIGHER WITHIN 1 MILE CONSENSUS WITHIN 5 MILES HOME VALUE WITHIN 3 MILES
CONSENSUS WITHIN 5 MILES INCOME WITHIN 3 MILES
15CONFIDENTIALITY DISCLAIMER
The information contained herein, including an pro forma income and expense information (collectively, the “Information”) is based upon assumption
and projections and has been compiled or modeled from sources we consider reliable and is based on the best available information at the time the
brochure was issued. However, the Information is subject to change and is not guaranteed as to completeness or accuracy. While we have no reason
to believe that the Information set forth in this brochure, underwriting, cash flows, valuation, and other financial information (or any Information
that is subsequently provided or made available to you) contains any material inaccuracies, no representations or warranties, express or implied,
are made with respect to the accuracy or completeness of the Information. Independent estimates of pro forma income and expenses should be
developed before any decision is made on whether to invest in the Property. Summaries of any documents are not intended to be comprehensive
or all-inclusive, but rather only outline some of the provisions contained therein and are qualified in their entirety by the actual document to which
they relate. You understand that the Information is confidential and is furnished solely for the purpose of your review in connection with a potential
investment in the Property. You further understand that the Information is not to be used for any purpose or made available to any other person
without express written consent of Colliers International. This offering is subject to prior placement and withdrawal, cancellation, or modification
without notice. This publication is the copyrighted property of Colliers International and/or its licensor(s). ©2021. All rights reserved.
RESIDENTIAL
COMMUNITIES
113,587 RESIDENTS IN
PRIMARY TRADE AREA
16ACTUAL SITE
Thomas T. Ladt Jay Patel
+1 760 930 7931 +1 760 930 7927 Broker of Record
thomas.ladt@colliers.com jpatel@colliers.com Ed Elder
Colliers International
CA License No. 01803956 CA License No. 01512624 KS License No. 000045429
5901 Priestly Dr, Suite 100 Carlsbad, CA 92008You can also read
