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1101 S Shannon St
Van Wert, OH 45891
STNL Burger King w/Early 10-Yr Extension · Retail Property For Sale

Property Facts

Property Type
Retail
Property Subtype
Fast Food
Building Size
3,670 SF
Building Class
C
Year Built/Renovated
1987/2016
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.89 AC
Zoning
MC - Mixed retail and commercial
Parking
37 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
261’ on Shannon St

Amenities

  • Corner Lot
  • Pylon Sign
  • Restaurant
  • Signage
  • Signalized Intersection
  • Drive Thru

About 1101 S SHANNON ST , VAN WERT, OH 45891

* Single-Tenant Location with High-Profile, Burger King: Early (2017) 10-Yr. Lease Extension and Low Price Point * Absolute NNN Lease Leaving New Owner Zero Mgmt. Responsibilities with Burger King’s Largest Franchisee (800+ Locations), Carrols Restaurant Group, Inc. * 2016: Tenant Paid Complete Renovation to Updated Burger King Prototype, Further Proving the Tenants Success at the Location * Proven Commitment: Located at the Property Since 1987 with Low Rent to Sales Ratio (5.89%), Increasing Sales and future Upside Available from % Rent * Ideal Position Less Than 1/2-Mile from Van Wert High School with Newer Performing Art Center and Prominent Pylon Signage * Positioned on Hard Corner, Outlot to High-Traffic Chiefs Supermarket, Big Lots and Other Complimentary Retailers (Tractor Supply, McDonald’s, Shoe Sensation, Dollar General, Verizon, Dairy Queen & Many More) * Community with Desired Future Growth and Strong Employment Presence: Eaton Corporation (1,000+ Employees) Federal-Mogul Corporation, Cooper Foods, Van Wert County Hospital, Central Mutual Insurance Agency, Van Wert County, Van Wert City School District, Braun Industries, Vantage Career Center * Across From Van Wert County Airport and Just South of Route 30 Providing Easy Access to I-75 and I-69 Via Route 30, and Less Than 1-Mile to Route 127 and Less Than 2-Miles to U.S. Highway 224 * Less Than 35 Miles to Fort Wayne, Indiana Providing Access to Large City Amenities and International Airport

Property Taxes

Property Taxes

Parcel Number
12-034452.0400
Land Assessment
$20,070
Improvements Assessment
$127,670
Total Assessment
$147,740
  • Listing ID: 9990035

  • Date on Market: 11/15/2017

  • Last Updated:

  • Address: 1101 S Shannon St, Van Wert, OH 45891

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