Burger King for Sale in Kent, OH
Kent, OH
Key Investment Metrics
Price
$1,218,500
Cap Rate
7.3%
Net Operating Income
$88,369
Building Size
3338 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
Property overview
Burger King in Kent
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 3,338 SF
- Land area
- 1.02 acres
- Year built
- 1970
- Lease type
- NNN
- Lease expiration
- 01/15/2030
Confirm current availability, pricing and lease terms through the inquiry form before relying on this listing.
Before you make an offer
Four things to verify
- 1
Lease and guaranty
Request the executed lease and amendments. Identify the legal tenant, guarantor and landlord obligations.
- 2
Income and expenses
Obtain the rent roll and operating statement supporting the advertised NOI and cap rate.
- 3
Property condition
Review survey, title, condition and environmental information relevant to this property.
- 4
Exchange requirements
For a 1031 exchange, confirm eligibility and deadlines with your qualified intermediary and tax adviser.