Burger King (GL)

15933 Ohio 170, East Liverpool, OH 43920

$2,420,000

Cap Rate 5.00%

Views: 129 Updated: 10.22.24 Posted: 08.22.24 Status: Inactive

Summary

Price $2,420,000	Built/Renov 1980/2020	Tenant Burger King (GL)
Cap Rate 5.00%	Lease Type Abs NNN	Guarantor Corp T and Rated
Size/SF 5,062	Lease Start 06-01-2020	#Units 19,384
Price/SF $478.07	Expiration 05-31-2040	Tenant Type Fast Food/QSR
NOI $121,000	R. Term 15.6	Ownership Ground Lease
Rent/SF $23.90	Increases 10.0%/5/yrs	Pop 5Mi 28,903
Lot/AC 0.80	Options 0/0yrs	AHHI 5Mi $74,683

Lease Highlights

Burger King has 15+ years remaining on the current ground lease term with no options to renew
The lease features 10% rental escalations throughout the initial term
Absolute NNN lease | Zero landlord responsibilities
Corporate guaranteed lease

Location Description

Burger King is strategically located on Ohio State Route 170, the area's primary commercial and commuter corridor, with access to 14,400 vehicles passing by daily. The property is shadow-anchored by Skyview Plaza, a shopping center anchored by Giant Eagle Supermarket. Additionally, it benefits from excellent visibility, frontage, and prominent signage and is situated just 0.5 miles from US...

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Key Features

Recent renovation
Dense retail corridor
Near major nationals
Highway location
Strong tenant synergy
Major MSA
Long 15+ yr lease
Absolute NNN
Traded and rated company
Corporate Guarantee

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Links

Burger King Wikipedia Burger King Wikipedia East Liverpool, Ohio Zip Code 43920 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Burger King
Guarantor:Corp T and Rated
Company:Restaurant Brands Intl, Inc.
# Units:19,384
Tenant S&P: BB
Stock: NYSE: QSR

About Tenant

Burger King is the second-largest fast-food hamburger chain in the world. Their menu features their signature Whopper and Whopper Jr. hamburgers, chicken sandwiches, breakfast sandwiches,...

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Listing Broker

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