Burger King | 3813 W 13400 S
Burger King outparcel in Riverton, Utah, offered at $2,618,182 at a 5.5% cap ($144,000 NOI) on a newly executed Absolute NNN lease with over 20 years remaining. The single-tenant asset is operated by HB Boys, L.C., an established Burger King franchisee with 86 locations across the Intermountain West and 35+ years of operating experience. The tenant bears all taxes, insurance, CAM, maintenance, and operating expenses, leaving the landlord with zero responsibilities.
Executed as a sale-leaseback on March 1, 2026, the lease runs 20 years through December 31, 2047, with four additional five-year renewal options and 10% rent increases at each renewal. The tenant is funding a remodel to the latest Burger King prototype in 2027 at no cost to the landlord. The 3,483 SF building, constructed in 2007, sits on a 0.77-acre C-R parcel at the intersection of 13400 South and Bangerter Highway, one of the region's highest-traffic corridors. The site benefits from approximately 65,000 vehicles per day and includes 35 parking spaces. The location offers access to public transportation, commuter rail, and the airport.
- Absolute NNN lease with zero landlord obligations
- 20-year term through 2047 plus four five-year renewal options
- 10% rent increases at each renewal period
- Tenant-funded 2027 remodel to latest Burger King prototype
- 65,000 vehicles per day at major intersection; established franchisee with 86 locations
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This Walmart Supercenter outparcel offers an attractive single-tenant investment opportunity featuring a 5.5% cap rate, a $2,618,182 purchase price, and $144,000 in annual NOI. The property is subject to a newly executed Absolute NNN lease with more than 20 years remaining, under which the tenant is responsible for all taxes, insurance, CAM, maintenance, and operating expenses, providing zero landlord obligations. The site benefits from approximately 65,000 vehicles per day at the intersection of 13400 South and Bangerter Highway and is operated by HB Boys, L.C., an established Burger King franchisee with 86 locations across five Intermountain West states and more than 35 years of operating experience. The 20-year initial lease term expires December 31, 2047, with four additional five-year renewal options and 10% rent increases at each renewal period. The tenant is also funding a remodel to the latest Burger King prototype in 2027 at no cost to the landlord. Executed as a sale-leaseback on March 1, 2026, the brand-new lease provides long-term contractual income with minimal ownership responsibilities.