Burger King
For sale5730 Hwy 85 N, Crestview, FL 32536
Property type
Retail
Price
$3,170,000
Building size
3,153 sf
Rentable area
3,153 SF
Year built
2023
Year renovated
Occupancy
Zoning code
Lot size
1.00 Acres
CAP
5.50%
Price per SF
$1,005.39
Property description
Franklin Street is pleased to present the exclusive offering of a single-tenant, absolute triple-net (NNN) Burger King located along Highway 85 North in Crestview, Florida. Positioned on one of the city’s primary commercial corridors, the property benefits from strong street frontage, direct access, and consistent commuter traffic connecting residential neighborhoods to retail centers, schools, and major employment drivers. The site features a purpose-built quick-service restaurant with drive-thru infrastructure designed to efficiently serve high daily traffic volumes and capture both local and pass-through demand. Operated by experienced multi-unit franchisee CKJ Management, with over 15 years of combined experience working together in the restaurant industry. Currently operating 16 Burger King locations, CKJ is in the process of acquiring 4 additional units around its existing portfolio, with a focus on operational efficiencies - including drive-thru buildouts and conversions of second-generation spaces. Founded in 1954, Burger King remains one of the most established quick-service restaurant brands in the world, known for its flame-grilled burgers and signature Whopper. The brand continues to evolve under experienced leadership, with a focus on modernized restaurant prototypes. CKJ sees significant growth opportunities in small and mid-sized U.S. markets positioning stores for long-term, scalable growth.
Property highlights
- Single-tenant, absolute triple-net (NNN) Burger King
- Prime Crestview location along a major retail corridor with traffic counts exceeding 30,000+ vehicles per day
- Modern, purpose-built 3,200 SF drive-thru, offering excellent visibility
- Population of 45,000+ residents within a 5-mile radius, experiencing steady long-term growth
- Median household income of $65,000–$75,000 within a 5-mile radius, supporting stable quick-service restaurant demand
- Strategically positioned among national retailers: Publix, McDonald's, Taco Bell, Wendy's, Sonic and more
- Located 20 miles from Eglin Air Force Base and 15 miles from Duke Field, supporting over 20,000+ military and civilian personnel
- Positioned in a high-growth Florida Panhandle benefiting from annual residential expansion of about 1.5–4%
- High-volume Burger King location with drive-thru sales comprising 65%–75% of total revenue in comparable locations
- Operated by a franchisee with 15+ years' experience, currently operating 16 locations and acquiring 4 additional units