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Burger King 1175 S Arlington St 3,950 SF Retail Building Akron, OH 44306 $3,677,047 CAD ($930.90 CAD/SF) 5.95% Cap Rate



INVESTMENT HIGHLIGHTS
- Long Term Absolute NNN Lease – At closing, the Tenant will execute a 15 Year Absolute NNN lease, with 10% increases every 5 years
- Strong Retail Corridor – Located on S Arlington Street, the signalized intersection sees ±17,000 VPD.
- Store Front Renovation – Renovation in 2021.
- Established Franchisee – Franchisee has been in the Burger King Business since 1959 - owning 13 restaurants with the family company
- Local Traffic Drivers – The property is surrounded by significant daytime traffic and multiple apartment communities such as Hillwood Apartments
- Strong Sales – The Sale Leaseback Rental figure is based on an 8.5% Rent-to-Sales Ratio for the trailing three years.
EXECUTIVE SUMMARY
Broker of Record
License No. REC.2022007431 (OH)
PROPERTY FACTS
AMENITIES
- Bus Line
- Signage
- Drive Thru
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
-
- Accommodation and Food Services
- -
- -
- -
Chaque jour, plus de 11 millions de clients visitent les restaurants Burger King partout dans le monde. Et ils le font parce que les restaurants Burger King sont réputés pour servir des aliments de haute qualité, savoureux et abordables. Fondée en 1954, Burger King est la deuxième chaîne de hamburgers de restauration rapide en importance au monde. La maison originale du Whopper, leur engagement envers des ingrédients de première qualité, des recettes distinctives et des expériences culinaires familiales sont ce qui a défini la marque depuis plus de 50 ans de succès.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
|
Accommodation and Food Services | - | - | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 67-56805 | Improvements Assessment | $435,524 CAD |
| Land Assessment | $61,843 CAD | Total Assessment | $497,368 CAD |
PROPERTY TAXES
Presented by
Burger King | 1175 S Arlington St
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