Burger Franchise LLC
456 Oak Ave, Denver, CO 80202
Renewal Notice Deadline
2027-03-15
Royalty
4.5%
Initial Term
15 years
Expires 2038-03-14Franchise Parties
Franchisee
Burger Franchise LLC
Franchisor
Oak Avenue Holdings Inc
Brand
Burger King
Premises
456 Oak Ave, Denver, CO 80202
Term & Renewal
Commencement Date
2023-03-15
Expiration Date
2038-03-14
Initial Term
15 years
Renewal Notice Deadline
2027-03-15
Notice Period Required
120 days prior
Renewal Options
2 options of 5 years each
Royalties & Fees
Royalty Rate
4.5% of gross sales
Minimum Annual Royalty
$12,000
Advertising & Marketing Fund
Ad Fund Contribution
4% of gross sales
Local Ad Requirement
1% of gross sales
Territory Rights
Description
Exclusive 3-mile radius from property. No other company-owned or franchised locations may operate within this territory.
Exclusive Radius
3 miles
Boundaries
Bounded by I-25 to the east, 6th Ave to the north, Sheridan Blvd to the west, and Alameda Ave to the south.
Premises Rent
Lease Type
Net
Base Rent
$28.00 / SF
Square Footage
2,400 SF
Year 1-5
$28.00 / SF
Year 6-10
$30.80 / SF
Year 11-15
$33.88 / SF
Metadata
Record ID
lease-001
Uploaded
March 1, 2023
Processed
March 1, 2023