The California owner of a former Burger King restaurant at 3020 E. Sunshine St. has signed on a new broker and dropped the list price closer to its current appraised value.
The property recently was listed by Mike Fusek of Sperry Van Ness Rankin Co. LLC for $849,000. The property's 2012 appraised value is $798,000, according to the Greene County assessor's
Web site.
The property
originally was listed in May 2011 for $1.3 million by Murney Associates broker Bart Collins, who said the property's price was dropped to roughly $1.1 million in September.
"I think the landlord was frustrated that the (property) hadn't been sold for an extended period of time," Fusek said of owner Sunflower Square Shopping Center LLC. "Murney is a good company. Bart's a good broker. But the owner was just looking for something different."
Collins said it was unfortunate that the owner chose a different broker, but he noted that it wasn't unusual.
"(The owner) wanted to have a change. We'll try to help them out if we can," Collins said.
Fusek said since listing the former restaurant a couple weeks ago, he has shown the 3,437-square-foot property on 1 acre to about four out-of-state parties.
"The new pricing reflects today's market," Fusek said. "It's priced realistically, and that's why we're getting a lot of activity."
He noted, too, that Sperry Van Ness Rankin Co. is marketing the property nationally, a request by the owner.
The property also is available for a triple-net lease at $22.35 per square foot, or $6,400 per month including equipment. Triple net means the lessee pays rent, taxes, insurance and maintenance.
Local Burger King franchise rights were held by the Swisshelm Group for nearly 33 years before being sold to Burnsville, Minn.-based Duke and King Acquisition Corp. in March 2007. After Duke and King's December 2010 Chapter 11 bankruptcy filing, the company began seeking buyers for myriad Burger King properties, according to
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