994 High St - Fast Food FOR SALE
Wadsworth, OH 44281 |
$3,367,363 USD
216-503-3610
994 High St
Wadsworth, OH 44281
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
- Strong Retail Corridor – The property is located on High Street, the primary thoroughfare through Wadsworth, Ohio, with direct access to US-224.
- Significant Local Traffic Drivers – The nearby Fisher-Titus Facility generates substantial daily traffic to the site, along with Norwalk High School
- Strong Demographics – Within a three-mile radius, the area boasts a population of approximately 28,000 residents, 854 total businesses
- Proven Sales Performance – The sale-leaseback rental rate is supported by an 8.5% rent-to-sales ratio over the trailing three years.
FOR SALE DETAILS
PRICE
$3,367,363 USD
PRICE/SF
$785 USD /SF
CAP RATE
5.95%
% 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
1995
SPRINKLERS
-
PARKING SPACES
50
LAND DETAILS
LAND ACRES
1.6 AC
LAND SF
69,696 SF
ZONING
-
APN/PARCEL ID
040-20A-04-042
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216-503-3610
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216-503-3610
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