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283 B Benedict Ave
Norwalk, OH 44857
Burger King · Retail Property For Sale
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, (4, 5-year options)
- Medical Corridor – The property is located directly across the street from multiple different hospital centers including Fisher-Titus General Surgery
- Store Front Renovation – Renovation in 2020.
- Established Franchisee – Franchisee has been in the Burger King business since 1959 – one of the longest standing franchises in the brand’s history
- Local Traffic Drivers – The Fisher-Titus Facility drives significant traffic to our site as well as the Nowalk High School, Huron County Job Services
- Strong Sales – The Sale Leaseback Rental figure is based on an 8.5% Rent-to-Sales Ratio for the trailing three years.
Property Facts
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,205 SF
Building Class
C
Year Built
2002
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
2.02 AC
Parking
44 Spaces (13.73 Spaces per 1,000 SF Leased)
Frontage
157’ on Benedict Ave
Amenities
- Pylon Sign
- Signalized Intersection
- Drive Thru
Property Taxes
| Parcel Number | 33-0370-01-049-0100 | Improvements Assessment | $128,230 |
| Land Assessment | $30,000 | Total Assessment | $158,230 |
Property Taxes
Parcel Number
33-0370-01-049-0100
Land Assessment
$30,000
Improvements Assessment
$128,230
Total Assessment
$158,230
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