Burger King - Net Lease Property for Sale
Kent, OH
Key Investment Metrics
Price
$1,218,500
Cap Rate
7.3%
Net Operating Income
$88,369
Building Size
3338 SF
Lot Size
3,338 SF
Land Area
1.02 Acres
Remaining Term
3.5 years
Lease Expiration
01/15/2030
Lease Term
23.6 years
Lease Commencement
06/30/2006
Lease Type
NNN
Year Built
1970
Occupancy
100%
Tenancy
Single
Rent Increases
1% Annual Rental Increases
About This Burger King Net Lease Property
This Burger King NNN (triple net lease) property is located in Kent, OH and represents an excellent investment opportunity for commercial real estate investors. The property features 3338 square feet of building space and was built in 1970.
With a cap rate of 7.3%, this Burger King net lease property offers stable income potential. The asking price is $1,218,500, 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.
Kent, OH Market Overview
Located in Kent, OH, this Burger King property benefits from strong local demographics and market fundamentals. The Kent area offers excellent visibility and accessibility, making it an ideal location for Burger King operations and a solid investment for net lease property buyers.