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Burger King 283 B Benedict Ave 3,205 SF Retail Building Norwalk, OH 44857 $3,492,982 CAD ($1,089.85 CAD/SF) 5.95% Cap Rate

Retail Spaces Ohio Norwalk 283 B Benedict Ave, Norwalk, OH 44857

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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, (4, 5-year options)
  • Medical Corridor – The property is located directly across the street from multiple different hospital centers including Fisher-Titus General Surgery
  • Store Front Renovation – Renovation in 2020.
  • Established Franchisee – Franchisee has been in the Burger King business since 1959 – one of the longest standing franchises in the brand’s history
  • Local Traffic Drivers – The Fisher-Titus Facility drives significant traffic to our site as well as the Nowalk High School, Huron County Job Services
  • Strong Sales – The Sale Leaseback Rental figure is based on an 8.5% Rent-to-Sales Ratio for the trailing three years.

EXECUTIVE SUMMARY

Matthew Wallace
Broker of Record
License No. REC.2022007431 (OH)

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,205 SF
Building Class
C
Year Built/Renovated
2002/2020
Price
$3,492,982 CAD
Price Per SF
$1,089.85 CAD
Cap Rate
5.95%
NOI
$207,832 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
2.02 AC
Parking
44 Spaces (13.73 Spaces per 1,000 SF Leased)
Frontage
157’ on Benedict Ave

AMENITIES

  • Pylon Sign
  • 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 - - -

LINKS

1 1

PROPERTY TAXES

Parcel Number 33-0370-01-049-0100 Improvements Assessment $177,534 CAD
Land Assessment $41,493 CAD Total Assessment $219,028 CAD

PROPERTY TAXES

Parcel Number
33-0370-01-049-0100
Land Assessment
$41,493 CAD
Improvements Assessment
$177,534 CAD
Total Assessment
$219,028 CAD
(216) 503-3610

Still interested?

Contact the brokers for more information about this property

CONTACTS

  • Listing ID: 38728781

  • Date on Market: 2025-12-10

  • Last Updated:

  • Address: 283 B Benedict Ave, Norwalk, OH 44857

The Retail Property at 283 B Benedict Ave, Norwalk, OH 44857 is currently available for Sale. Contact Matthews Real Estate Investment Services for more information.

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Burger King | 283 B Benedict Ave
(216) 503-3610 x

Burger King | 283 B Benedict Ave

Jonah Yulish
(216) 503-3610

Ethan Smith
(216) 367-7884

Konnor Schwerdtfeger
(614) 508-1580

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