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Restaurant

Burger King

2221 Gallia St, Portsmouth, OH 45662

Listing Price: $3,140,000

Cap Rate
5.00%
Tenant Name
Burger King
Years Remaining On Lease
19.1
Gross SF
3,416
Guarantor
Franchisee Guarantee
Rentable SF
3,416
Price/Gross SF
$919.20
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$45.96

Investment Overview

SITE FUNDAMENTALS Marcus & Millichap is pleased to present this absolute triple-net lease Burger King restaurant located in Portsmouth, OH. The property will be operated by Ampler Burgers Ohio, LLC, part of a multi-brand franchisee operating Taco Bells, Burger Kings, Little Caesars and Church’s Chickens in multiple states. The property consists of an acre of land improved with a 3,416-square foot building. The recently remodeled restaurant has a 20-year lease in place. Annual base rent is set at $157,000 with 7.5 percent rental increases every five years, as well as in each of the four five-year options. EXCELLENT LOCATION The restaurant sits on a signalized fork intersection of the Ohio River Scenic Byway, providing multiple points on ingress/egress from both sides of the divided highway with combined traffic counts of more than 21,000 vpd. The Byway connects across state lines, linking hundreds of miles of riverfront towns from Pittsburg to Cincinnati and is a major retail corridor in the City of Portsmouth. A healthy mix of residential, industrial and professional demand drivers nearby, including neighboring retailers like Walmart, Taco Bell, McDonald’s, Wendy’s and Aldi’s. The Burger King has been a long-time tenant at this location with an established historical presence of more than 35 years. True triple-net (NNN) lease with no landlord responsibilities and a healthy rent-to-sales ratio with sales trending above the brand’s national AUV. STRONG GUARANTEE | GLOBALY RECOGNIZED BRAND Strong 70-unit guarantee with Ampler Burgers Ohio, LLC , par of Ampler Restaurant Group, a rapidly growing, multi-brand franchise restaurant group currently operating 400+ restaurants, including Burger King, Taco Bell, Little Caesars and Church’s Chicken. Founded in 1954, the BURGER KING® brand is the second largest fast-food hamburger chain in the world.

Investment Highlights

  • Long-Term 20-Year Lease | Remodeled in 2021
  • Strong Traffic Counts | Established Historical Presence
  • 70-Unit Guarantee with Ampler Burgers | Growing Multi-State, Multi-Brand Franchisee

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (216) 264-2000

    License(s) OH: BRK.2007005898

    Ohio

Financing By

Restaurant

Burger King

Listing Price: $3,140,000

Cap Rate
5.00%
Tenant Name
Burger King
Years Remaining On Lease
19.1
Gross SF
3,416
Guarantor
Franchisee Guarantee
Rentable SF
3,416
Price/Gross SF
$919.20
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$45.96

Investment Highlights

  • Long-Term 20-Year Lease | Remodeled in 2021
  • Strong Traffic Counts | Established Historical Presence
  • 70-Unit Guarantee with Ampler Burgers | Growing Multi-State, Multi-Brand Franchisee

Investment Overview

SITE FUNDAMENTALS Marcus & Millichap is pleased to present this absolute triple-net lease Burger King restaurant located in Portsmouth, OH. The property will be operated by Ampler Burgers Ohio, LLC, part of a multi-brand franchisee operating Taco Bells, Burger Kings, Little Caesars and Church’s Chickens in multiple states. The property consists of an acre of land improved with a 3,416-square foot building. The recently remodeled restaurant has a 20-year lease in place. Annual base rent is set at $157,000 with 7.5 percent rental increases every five years, as well as in each of the four five-year options. EXCELLENT LOCATION The restaurant sits on a signalized fork intersection of the Ohio River Scenic Byway, providing multiple points on ingress/egress from both sides of the divided highway with combined traffic counts of more than 21,000 vpd. The Byway connects across state lines, linking hundreds of miles of riverfront towns from Pittsburg to Cincinnati and is a major retail corridor in the City of Portsmouth. A healthy mix of residential, industrial and professional demand drivers nearby, including neighboring retailers like Walmart, Taco Bell, McDonald’s, Wendy’s and Aldi’s. The Burger King has been a long-time tenant at this location with an established historical presence of more than 35 years. True triple-net (NNN) lease with no landlord responsibilities and a healthy rent-to-sales ratio with sales trending above the brand’s national AUV. STRONG GUARANTEE | GLOBALY RECOGNIZED BRAND Strong 70-unit guarantee with Ampler Burgers Ohio, LLC , par of Ampler Restaurant Group, a rapidly growing, multi-brand franchise restaurant group currently operating 400+ restaurants, including Burger King, Taco Bell, Little Caesars and Church’s Chicken. Founded in 1954, the BURGER KING® brand is the second largest fast-food hamburger chain in the world.

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (216) 264-2000

    License(s): OH: BRK.2007005898

    Ohio

Financing By

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