823 N Main St - Fast Food FOR SALE
Wellington, OH 44090 |
$2,403,710 USD
216-503-3610
823 N Main St
Wellington, OH 44090
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
- Surrounding Tenancy – The property is located in the heart of Wellington, surrounded by a strong mix of national and local tenants
- Local Traffic Drivers – The property benefits from its proximity to Wellington High School, Forest City Technologies, ResCare of Wellington
- Store Front Renovation – The property underwent a full renovation in 2018, featuring updated finishes and branding
- Strong Sales – The sale-leaseback rental rate is supported by an 8.5% rent-to-sales ratio over the trailing three years.
FOR SALE DETAILS
PRICE
$2,403,710 USD
PRICE/SF
$618 USD /SF
CAP RATE
5.95%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Burger King
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Fast Food
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1969
SPRINKLERS
-
PARKING SPACES
49
LAND DETAILS
LAND ACRES
1.22 AC
LAND SF
53,346 SF
ZONING
-
APN/PARCEL ID
18-00-029-000-103
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216-503-3610
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216-503-3610
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