1148 S Conwell Ave - Fast Food FOR SALE
Willard, OH 44890 |
$2,101,257 USD
1148 S Conwell Ave
Willard, OH 44890
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
- Established Franchisee – The franchisee has been operating Burger King restaurants since 1959
- Storefront Renovation – The property underwent a full renovation in 2018, featuring updated finishes and modernized branding
- Strong Retail Corridor – The Property is located with multiple access points on Conwell Ave and surrounding tenancy including Circle K, Wendys, Arby’s
- Proximity to Major Traffic Drivers – Strategically positioned adjacent to key employment and institutional anchors, including Mercy Health
- Surrounding New Development – Two senior living communities, The Willows at Willard and The Willows at Willard Patio Home
FOR SALE DETAILS
PRICE
$2,101,257 USD
PRICE/SF
$647 USD /SF
CAP RATE
6.1%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Burger King
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Fast Food
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1999
SPRINKLERS
-
PARKING SPACES
45
LAND DETAILS
LAND ACRES
0.8 AC
LAND SF
34,630 SF
ZONING
-
APN/PARCEL ID
51-003H-01-013-0201
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