23711 Airport Rd - Fast Food FOR SALE


Coshocton, OH 43812 | 
$1,800,000 USD
214-529-2496
23711 Airport Rd, Coshocton, OH for Sale
$1,800,000 USD
Fast Food - FOR SALE
1/11
null | 6% Cap Rate

23711 Airport Rd
Coshocton, OH 43812


HIGHLIGHTS

  • 13-Year Extension | Top 11% of Burger Kings Nationwide (Placer.ai)
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Outparcel to Walmart Supercenter (2.2M Annual Visits, Per Placer.ai)
  • Established Coshocton Trade Area

OVERVIEW

SRS National Net Lease Group, LP is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Burger King investment property located in Coshocton, Ohio. The tenant, Carrols LLC (dba Burger King) extended their lease for an additional 13 years through December 31, 2040, with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 1% annual increases beginning 1/1/31 and continuing each year thereafter throughout the remainder of the term and option periods, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for an out of state investor.

FOR SALE DETAILS

PRICE

$1,800,000 USD

PRICE/SF

$607 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Burger King | Abs NNN | Top 11% Nationwide

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

56

LAND DETAILS

LAND ACRES

1.09 AC

LAND SF

47,480 SF

ZONING

B-3

APN/PARCEL ID

0350000097303

ASK ABOUT THIS PROPERTY

Hoffman MooreSRS National Net LeaseMore Info
214-529-2496

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Hoffman MooreSRS National Net LeaseMore Info
214-529-2496

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.