Burger King - Net Lease Property for Sale
Cleveland, OH
Key Investment Metrics
Price
$1,325,000
Cap Rate
6.3%
Net Operating Income
$82,872
Building Size
2358 SF
Lot Size
2,358 SF
Land Area
0.52 Acres
Remaining Term
16.1 years
Lease Expiration
01/31/2042
Lease Term
20 years
Lease Commencement
01/20/2022
Lease Type
Absolute NNN
Tenant Credit
Franchisee
Year Built
1972
Occupancy
100%
Tenancy
Single
Rent Increases
10% in 2026 and 12.5% Every Five Years Thereafter
About This Burger King Net Lease Property
This Burger King NNN (triple net lease) property is located in Cleveland, OH and represents an excellent investment opportunity for commercial real estate investors. The property features 2358 square feet of building space and was built in 1972.
With a cap rate of 6.3%, this Burger King net lease property offers stable income potential. The asking price is $1,325,000, making it an attractive option for 1031 exchange investors seeking quality Burger King commercial properties.
Why Invest in Burger King NNN Properties?
- Stable Income: Burger King net lease properties provide predictable cash flow with minimal landlord responsibilities.
- Strong Tenant: Burger King is a nationally recognized brand with proven operational success.
- 1031 Exchange Eligible: This property qualifies for 1031 tax-deferred exchanges, allowing investors to defer capital gains taxes.
- Triple Net Lease: The tenant is responsible for property taxes, insurance, and maintenance, reducing landlord obligations.
Cleveland, OH Market Overview
Located in Cleveland, OH, this Burger King property benefits from strong local demographics and market fundamentals. The Cleveland area offers excellent visibility and accessibility, making it an ideal location for Burger King operations and a solid investment for net lease property buyers.