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14 Pearl Rd
Brunswick, OH 44212
Burger King · Retail Property For Sale
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
- Storefront Renovation – The property underwent a full renovation in 2017, featuring updated finishes and modernized branding
- Local Traffic Drivers – The property is surrounded by multiple housing developments – Monterey Apartments (178 Units), Forest Hills Apartments
- Established Franchisee – The franchisee has been operating Burger King restaurants since 1959
- Strong Retail Corridor – Located on the Hard Corner of Pearl Road and Boston, the signalized intersection sees ±14,300 VPD.
- Strong Sales – The sale-leaseback rental rate is supported by an 8.5% rent-to-sales ratio over the trailing three years.
Property Facts
Property Type
Retail
Building Size
4,218 SF
Building Class
B
Year Built
1997
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
1.00 AC
Parking
50 Spaces (11.85 Spaces per 1,000 SF Leased)
Frontage
53’ on Pearl Rd
Amenities
- Signage
- Signalized Intersection
- Drive Thru
Property Taxes
| Parcel Number | 003-18A-16-005 | Improvements Assessment | $323,060 |
| Land Assessment | $100,040 | Total Assessment | $423,100 |
Property Taxes
Parcel Number
003-18A-16-005
Land Assessment
$100,040
Improvements Assessment
$323,060
Total Assessment
$423,100
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