Ownership Type: Fee Simple
Lease Type: Ground Lease Preferred (Absolute NNN considered)
Property Type: QSR/Fast Food (CB, CrA, In/Out B, WAB, CHPTLE, WEN, JNB – CORPORATE ONLY)
Lessee Type: National Corporate Credit (no franchisees)
Age of Asset: New/Newer
Asset Market Quality and Asset Quality: Top – New Prototypes post Covid-19
Price Point: Lower Cap Rates Expected for Quality Products
Lease Term: Minimum 15 Years Base Term Remaining, preferably 20 Years, Excluding Options
Rent Increases: Yes, during Base Term and Options; 10% minimum every 5 years

​

Further Criteria, Including But Not Limited To:

• Top Quality Market/Sub-Market

• Real Estate Location: Signalized, hard corner site preferred, others considered

• Base Lease Rent Comparison to Market must be a fair market rent

• No amortization of TIA in base rent

• Tenant paying rent before COE, prefer tenant to be open

• No historic or current HazMat on site or adjoining sites

• No landlord responsibilities or legacy obligations

• No early lease termination rights for tenant, including if structure damaged

• No force majeure impacts due to Covid-19

• Simplicity of any ECR/CCR as to future use

• No assignment of corporate credit/guaranty (no walk away)

• No limitation of PT passthroughs to tenant

 

States: Arizona, Nevada, Colorado, Texas, Georgia, South Carolina, California

Markets:

• AZ — Scottsdale & Surrounds

• NV — Las Vegas & Reno

• Colorado — Greater Denver

• Texas — DFW, Austin & San Antonio

• GA/SC — Greater Augusta Metro & ATL

​

Brandenburg will provide quick responses and LOI submittals on properties that meet the above criteria. Off-market opportunities will be kept confidential, procuring broker protected. Buyer is not represented by a real estate broker.

​

Apply:

Contact Bill Baron at (408) 282-4101 or bill@bsm-group.com.