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Burger King 994 High St 4,126 SF Retail Building Wadsworth, OH 44281 $4,637,903 CAD ($1,124.07 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
- Strong Retail Corridor – The property is located on High Street, the primary thoroughfare through Wadsworth, Ohio, with direct access to US-224.
- Strong Demographics – Within a three-mile radius, the area boasts a population of approximately 28,000 residents, 854 total businesses
- Established Franchisee – The franchisee has been operating Burger King restaurants since 1959
- Significant Local Traffic Drivers – The nearby Fisher-Titus Facility generates substantial daily traffic to the site, along with Norwalk High School
- Proven Sales Performance – The sale-leaseback rental rate is supported by an 8.5% rent-to-sales ratio over the trailing three years.
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
4,126 SF
Building Class
C
Year Built/Renovated
1995/2015
Price
$4,637,903 CAD
Price Per SF
$1,124.07 CAD
Cap Rate
5.95%
NOI
$275,955 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.60 AC
Parking
50 Spaces (12.12 Spaces per 1,000 SF Leased)
Frontage
47’ on High St
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
Fifth Third Bank
PROPERTY TAXES
| Parcel Number | 040-20A-04-042 | Improvements Assessment | $317,840 CAD |
| Land Assessment | $158,110 CAD | Total Assessment | $475,950 CAD |
PROPERTY TAXES
Parcel Number
040-20A-04-042
Land Assessment
$158,110 CAD
Improvements Assessment
$317,840 CAD
Total Assessment
$475,950 CAD
CONTACTS
-
Jonah Yulish -
Ethan Smith -
Konnor Schwerdtfeger -
Matthews Real Estate Investment Services
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Burger King | 994 High St
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