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Burger King 14 Pearl Rd 4,218 SF Retail Building Brunswick, OH 44212 $3,225,392 CAD ($764.67 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 2017, featuring updated finishes and modernized branding
- Local Traffic Drivers – The property is surrounded by multiple housing developments – Monterey Apartments (178 Units), Forest Hills Apartments
- Established Franchisee – The franchisee has been operating Burger King restaurants since 1959
- Strong Retail Corridor – Located on the Hard Corner of Pearl Road and Boston, the signalized intersection sees ±14,300 VPD.
- Strong Sales – The sale-leaseback rental rate is supported by an 8.5% rent-to-sales ratio over the trailing three years.
EXECUTIVE SUMMARY
Broker of Record
License No. REC.2022007431 (OH)
PROPERTY FACTS
AMENITIES
- Signage
- Signalized Intersection
- 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 | 003-18A-16-005 | Improvements Assessment | $340,536 CAD |
| Land Assessment | $126,745 CAD | Total Assessment | $467,281 CAD |
PROPERTY TAXES
Presented by
Burger King | 14 Pearl Rd
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