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1575 S Water St
Kent, OH 44240
Burger King · Retail Property For Sale
Investment Highlights
- Absolute NNN Lease with ZERO Landlord Responsibilities
- Attractive 7.25% Cap Rate with Immediate Cash Flow
- Strategically Located Near Kent State University - The property benefits from proximity to Kent State University
- Established Burger King Location with Long Operating History
- Low Occupancy Cost with below-market rent and an exceptionally low price per square foot, the site's occupancy cost is easily supportable
- High-Visibility Signalized Corner Location - Positioned along S Water Street (16,645 VPD) near State Route 261 (12,915 VPD)
Executive Summary
Absolute NNN Lease with ZERO Landlord Responsibilities
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,788 SF
Building Class
B
Year Built/Renovated
1970/1986
Price
$1,680,238 CAD
Price Per SF
$443.57 CAD
Cap Rate
7.25%
NOI
$121,856 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
1.02 AC
Frontage
54’ on Water St
Amenities
- Signage
- Drive Thru
Property Taxes
| Parcel Number | 17-006-00-00-025-000 | Improvements Assessment | $229,924 CAD |
| Land Assessment | $173,264 CAD | Total Assessment | $403,188 CAD |
Property Taxes
Parcel Number
17-006-00-00-025-000
Land Assessment
$173,264 CAD
Improvements Assessment
$229,924 CAD
Total Assessment
$403,188 CAD
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