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Burger King 1175 S Arlington St 3,950 SF Retail Building Akron, OH 44306 $2,643,000 ($669.11/SF) 5.95% Cap Rate
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
- Strong Retail Corridor – Located on S Arlington Street, the signalized intersection sees ±17,000 VPD.
- Store Front Renovation – Renovation in 2021.
- Established Franchisee – Franchisee has been in the Burger King Business since 1959 - owning 13 restaurants with the family company
- Local Traffic Drivers – The property is surrounded by significant daytime traffic and multiple apartment communities such as Hillwood Apartments
- 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)
Broker of Record
License No. REC.2022007431 (OH)
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,950 SF
Building Class
B
Year Built/Renovated
1969/2021
Price
$2,643,000
Price Per SF
$669.11
Cap Rate
5.95%
NOI
$157,259
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
1.19 AC
Opportunity Zone
Yes
Parking
40 Spaces (7.9 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Bus Line
- 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 | - | - | - |
Walk Score®
Very Walkable (72)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 67-56805 | Improvements Assessment | $316,239 |
| Land Assessment | $44,905 | Total Assessment | $361,144 |
PROPERTY TAXES
Parcel Number
67-56805
Land Assessment
$44,905
Improvements Assessment
$316,239
Total Assessment
$361,144
CONTACTS
-
Jonah Yulish -
Ethan Smith -
Konnor Schwerdtfeger -
Matthews Real Estate Investment Services
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Burger King | 1175 S Arlington St
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