Burger King

Burger King Net Lease Investment – Provo–Orem MSA

Single-Tenant QSR Asset in a High-Growth Mountain West Market

This offering presents the opportunity to acquire a single-tenant Burger King property located in the Provo–Orem metropolitan statistical area (MSA), one of the fastest-growing and most demographically attractive markets in the Western United States. Secured by an absolute triple-net lease, this property provides passive, long-term income backed by one of the most globally recognized quick-service restaurant (QSR) brands. Strategically located along a highly trafficked commercial corridor, the site benefits from strong population growth, economic diversification, and an educated, family-oriented consumer base.

Burger King’s continued expansion across the Intermountain West and the Provo–Orem region’s rising residential and commercial demand make this a well-positioned asset for investors seeking tenant strength, zero management responsibilities, and durable real estate in a tax-advantaged, business-friendly state.

Tenant Overview – Burger King

Burger King is a global QSR leader with over 18,000 restaurants in more than 100 countries. In the United States, the brand operates approximately 6,000 locations through a national network of franchisees, many of whom are experienced, multi-unit operators. Burger King is owned by Restaurant Brands International, one of the largest QSR holding companies in the world.

The brand’s flame-grilled burger platform, value-focused menu, and drive-thru-oriented layout have made it a staple in suburban and commuter-heavy markets. Locations are increasingly designed with dual-lane drive-thrus, digital ordering technology, and mobile pick-up lanes—optimizing throughput and catering to modern consumer behavior. Burger King’s flexible footprint and cost-efficient operations support strong tenant performance in trade areas with diverse population segments.

In Utah, Burger King maintains a long-standing presence across both primary and secondary markets. Franchisees active in the region continue to invest in new construction and remodels, signaling confidence in long-term consumer demand and location viability.

Provo–Orem MSA – One of the Nation’s Fastest-Growing Regions

The Provo–Orem MSA, located in Utah County, is home to over 700,000 residents and continues to lead national rankings in population growth, job creation, and educational attainment. The region is known for its young, tech-savvy workforce, business-friendly environment, and strong family demographics. It consistently ranks as one of the most livable metros in the country, with a median age under 26 and a high rate of homeownership and college enrollment.

Provo and Orem are part of Utah’s growing tech corridor, sometimes referred to as Silicon Slopes, which includes companies like Qualtrics, Vivint, Ancestry, and Adobe. The area is also home to Brigham Young University and Utah Valley University, together supporting over 75,000 students and creating year-round demand for affordable, fast food offerings.

The MSA benefits from a balanced economy, low unemployment, and one of the highest labor force participation rates in the nation. Infrastructure improvements, highway connectivity, and sustained residential development continue to push demand for QSR and essential retail across suburban corridors.

Absolute Triple-Net Lease – Passive Investment with Zero Landlord Responsibility

The property is backed by an absolute NNN lease, with the tenant responsible for all operating expenses including taxes, insurance, repairs, and capital maintenance. This structure provides fully passive ownership with no management responsibilities and a predictable monthly income stream. Structured rent escalations offer built-in protection against inflation and improve long-term yield.

The lease is structured to align with long-term tenant occupancy and regional growth projections. With strong franchisee backing, national branding, and a proven business model, the lease offers a secure option for buyers executing a 1031 exchange or building a low-risk income portfolio.

Strategic Commercial Location with High Visibility and National Co-Tenancy

The Burger King site is located along a major retail and commuter corridor in one of the MSA’s fastest-growing submarkets. With traffic counts exceeding 30,000 vehicles per day, the location offers strong visibility, access from multiple directions, and prominent signage to capture attention from both local residents and through traffic.

The surrounding trade area features a full mix of national retailers, service providers, and foodservice tenants. Nearby brands include Walmart, Costco, Starbucks, Chick-fil-A, Walgreens, and various grocery-anchored shopping centers. This synergy supports consistent foot and drive-thru traffic throughout all dayparts.

The property is surrounded by residential neighborhoods, new subdivisions, public schools, churches, and healthcare facilities—all of which reinforce the site’s demand profile and support multi-generational QSR usage. As the region grows, demand for convenient, value-oriented foodservice options will continue to rise, particularly in drive-thru optimized formats like Burger King.

Utah – A Top State for Growth, Affordability, and Investment Stability

Utah continues to rank among the top states in the country for economic outlook, fiscal health, and inbound migration. With no corporate income tax on certain business structures, low property taxes, and strong job creation, Utah has become a preferred destination for families, businesses, and real estate capital.

Provo–Orem is part of the Wasatch Front, a multi-city region stretching from Provo to Ogden that has attracted major developers and institutional investors in recent years. The state’s conservative financial policies, robust infrastructure investments, and commitment to education all contribute to long-term economic stability and commercial real estate performance.

For net lease investors, Utah offers landlord-friendly lease enforcement, low vacancy risk in core corridors, and expanding consumer bases with limited turnover. The state’s QSR sector continues to outperform national benchmarks due to its young population, dual-income households, and cultural preferences for fast, affordable dining.

Demographics and Trade Area Overview

• Within 1 mile: Dense residential development supported by working professionals, university students, and young families who rely on fast food for convenience and affordability
• Within 3 miles: More than 70,000 residents with median household incomes above $85,000 and active new housing construction
• Within 5 miles: Over 160,000 residents with continued expansion of retail, education, and healthcare infrastructure
• Local workforce includes tech professionals, students, teachers, and healthcare employees
• Trade area sees strong daytime and evening traffic from nearby schools, hospitals, universities, and commuter routes

The surrounding population reflects Burger King’s core customer demographic—value-focused, high-frequency users in family households, student housing, and working-class communities. This demand base aligns directly with long-term lease stability and site-level performance.

Investment Highlights

• Single-tenant Burger King property with an absolute NNN lease
• Passive, inflation-resistant cash flow with structured rent escalations
• Located in the Provo–Orem MSA, one of the fastest-growing regions in the U.S.
• Surrounded by national co-tenants, new residential development, and essential services
• Strategic suburban corridor with high visibility and strong vehicle counts
• Tenant operated by an experienced regional franchisee
• Ideal for 1031 exchange buyers, income-focused portfolios, and long-term holds
• Located in a tax-advantaged, business-friendly state with landlord-favorable legislation

Conclusion

This Burger King property in the Provo–Orem MSA offers investors the rare opportunity to secure a fully passive net lease asset in one of the most economically vibrant and demographically favorable regions in the Western United States. With a national brand tenant, zero landlord responsibility, and strong surrounding fundamentals, the asset delivers both reliable income and long-term investment security.

As Utah’s population and economic footprint continue to expand, core retail corridors with established QSR operators will remain in high demand. This investment checks all the boxes for today’s net lease buyer: tenant strength, passive lease structure, strategic location, and long-term growth potential.