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Burger King 1148 S Conwell Ave 3,250 SF Retail Building Willard, OH 44890 $2,951,040 CAD ($908.01 CAD/SF) 5.95% Cap Rate
INVESTMENT HIGHLIGHTS
- Long Term Absolute NNN Lease – At closing, the tenant will execute a new 15-year absolute NNN lease featuring 10% rent increases every five years
- Storefront Renovation – The property underwent a full renovation in 2018, featuring updated finishes and modernized branding
- Proximity to Major Traffic Drivers – Strategically positioned adjacent to key employment and institutional anchors, including Mercy Health
- Established Franchisee – The franchisee has been operating Burger King restaurants since 1959
- Strong Retail Corridor – The Property is located with multiple access points on Conwell Ave and surrounding tenancy including Circle K, Wendys, Arby’s
- Surrounding New Development – Two senior living communities, The Willows at Willard and The Willows at Willard Patio Home
EXECUTIVE SUMMARY
Matthew Wallace
Broker of Record
License No. REC.2022007431 (OH)
Broker of Record
License No. REC.2022007431 (OH)
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,250 SF
Building Class
B
Year Built/Renovated
1999/2018
Price
$2,951,040 CAD
Price Per SF
$908.01 CAD
Cap Rate
5.95%
NOI
$175,587 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.79 AC
Parking
45 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
305’ on Conwell Ave
AMENITIES
- Pylon Sign
- Signage
- Drive Thru
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
-
- Accommodation and Food Services
- -
- -
- -
Burger King is known for serving high-quality, great-tasting, and affordable food. Founded in 1954, Burger King is the second largest fast food hamburger chain in the world. The original Home of the Whopper, their commitment to premium ingredients, signature recipes, and family-friendly dining experiences is what has defined their brand for many successful years.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
|
|
Accommodation and Food Services | - | - | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 51-003H-01-013-0201 | Improvements Assessment | $212,687 CAD |
| Land Assessment | $21,723 CAD | Total Assessment | $234,410 CAD |
PROPERTY TAXES
Parcel Number
51-003H-01-013-0201
Land Assessment
$21,723 CAD
Improvements Assessment
$212,687 CAD
Total Assessment
$234,410 CAD
CONTACTS
-
Jonah Yulish -
Ethan Smith -
Konnor Schwerdtfeger -
Matthews Real Estate Investment Services
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Burger King | 1148 S Conwell Ave
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