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2224 Leavitt Rd
Lorain, OH 44052
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
- Surrounding Tenancy – The asset is positioned among a diverse mix of national and local retailers, including Marco’s Pizza, Family Dollar
- Established Franchisee – The franchisee has been operating Burger King restaurants since 1959
- Strong Sales – The sale-leaseback rental rate is supported by an 8.5% rent-to-sales ratio over the trailing three years.
- Premier Location – Strategically located within one of Ohio’s highest-income blue-collar neighborhoods, offering strong consumer spending power
Property Facts
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,904 SF
Building Class
B
Year Built
1969
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
0.33 AC
Parking
27 Spaces (9.3 Spaces per 1,000 SF Leased)
Frontage
52’ on Leavitt Rd
Amenities
- Pylon Sign
- Signage
- Drive Thru
Property Taxes
| Parcel Numbers | Improvements Assessment | $240,587 | |
| Land Assessment | $47,201 | Total Assessment | $287,788 |
Property Taxes
Parcel Numbers
Land Assessment
$47,201
Improvements Assessment
$240,587
Total Assessment
$287,788
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