6236 Lee Highway | Chattanooga, TN
Marcus & Millichap is pleased to present a 2,273+\- square foot freestanding Burger King restaurant on a 0.53 Acre lot in Chattanooga (Hamilton County), TN. The property is well positioned on busy Lee Highway right off of SR153 which serves as a bypass around downtown Chattanooga and less than a mile from I-75. Lee Highway experiences average daily traffic counts of over 28,000 vehicles daily, providing the subject property with a steady flow of consumers. Additionally, the population within a five-mile radius of the property is roughly 130,695 people, providing ample customers for this Burger King.
The tenant (Hometown Folks LLC) currently has 10 years left on an Absolute NNN Lease with 10% rent increases every five years, during the initial lease term and each of the four five-year option periods. The tenant is 100 percent responsible for all maintenance of the premises as well as taxes, insurance, and CAM expenses. This is a highly profitable location that does 50% above the national average in sale. The property was recently constructed in 2007 and is in excellent condition.
Hometown Folks LLC was established in 2003 in Chattanooga, TN. The company operates 18 Burger King Franchisees located in Chattanooga, TN, and the surrounding area and has sales of over $25.7 million. The franchise owners come from a rich restaurant background that started such concepts as Krystal and Central Park. Their vast experience and history has created their long-term, high operational standards, and refined systems. Today their Burger King Franchise sales are the highest average unit volume in the history of the brand in the Chattanooga, TN DMA. Hometown Folks LLC were awarded the Brand Leadership Award from Burger King Corporation.
Absolute Net Lease Investment, No Landlord Responsibility
10% Increases every 5 Years During Primary & Option Terms
Proven & Profitable Location – 50% the National Average in Sales
18 Unit Franchisee Operator
No State Income Tax in Tennessee
Strong Demographics: Near Major Chattanooga Employers (Volkswagen Factory, Amazon Center)
Chattanooga ranked Smartest City in the World by U.S. News with ultra-highspeed internet, establising itself as a center for innovation, attracting international businesses.