| Title: |
Burger King - Corp. Ground Lease
|
| Street Name 1: |
5602 South Miami Blvd |
| Street Name 2: |
|
| City/County/State |
Durham/Durham/North Carolina |
| Zipcode: |
27560 |
| Acres of Land: |
1.24 AC |
| Bldg Square Ft.: |
54,014 SF |
| Price: |
$1,116,667 |
| Cap Rate: |
6.00%
|
| Annual Rent: |
$ 67,000 / YR $1.24 / SF YRS 1-5 |
| Lease Term: |
20 Years
|
| Options: |
4 x 5 years with 10 % increases each 5 years
|
| Notes: |
|
| Projected Rent Commencement: |
April 1, 2010
|
| Demographic statistics are for years 2009 through 2009 |
| Variable Label | Population | Median Household Income | % Pop. Growth |
|
