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Restaurant

Burger King

8960 Ohio River Rd, Wheelersburg, OH 45694

Listing Price: $2,400,000

Cap Rate
5.00%
Tenant Name
Burger King
Years Remaining On Lease
19.6
Gross SF
3,019
Guarantor
Franchisee Guarantee
Rentable SF
3,019
Price/Gross SF
$794.97
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$39.75

Investment Overview

SITE FUNDAMENTALS The property consists of 1.2 acres of land improved with a 3,019-square foot building. The recently remodeled restaurant has a new 19+ years remaining with an annual base rent of $120,000 and 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 an outparcel to a Kroger-anchored retail center along the Ohio River’s Scenic Byway. The Byway merges and connects across state lines, linking hundreds of miles of riverfront towns from Pittsburg to Cincinnati. Healthy mix of residential, industrial and professional demand drivers nearby, including neighboring retailers like Lowe’s, Taco Bell, McDonald’s, Wendy’s, and Arby’s. ESTABLISHED HISTORICAL PRESENCE The Burger King has been a long-time tenant at this location with an established historical presence of more than 30 years, serving not only Wheelersburg, but many nearby towns along the river. True triple-net (NNN) lease with no landlord responsibilities and a healthy rent-to-sales ratio. 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

  • Outparcel to Kroger-Anchored Retail Center
  • 30-Year Historical Presence | Remodeled in 2021
  • Strong 70-Unit Guarantee by Multi-Brand Operator

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (216) 264-2000

    License(s) OH: BRK.2007005898

    Ohio

Listing Price: $2,400,000

Cap Rate
5.00%
Tenant Name
Burger King
Years Remaining On Lease
19.6
Gross SF
3,019
Guarantor
Franchisee Guarantee
Rentable SF
3,019
Price/Gross SF
$794.97
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$39.75

Investment Highlights

  • Outparcel to Kroger-Anchored Retail Center
  • 30-Year Historical Presence | Remodeled in 2021
  • Strong 70-Unit Guarantee by Multi-Brand Operator

Investment Overview

SITE FUNDAMENTALS The property consists of 1.2 acres of land improved with a 3,019-square foot building. The recently remodeled restaurant has a new 19+ years remaining with an annual base rent of $120,000 and 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 an outparcel to a Kroger-anchored retail center along the Ohio River’s Scenic Byway. The Byway merges and connects across state lines, linking hundreds of miles of riverfront towns from Pittsburg to Cincinnati. Healthy mix of residential, industrial and professional demand drivers nearby, including neighboring retailers like Lowe’s, Taco Bell, McDonald’s, Wendy’s, and Arby’s. ESTABLISHED HISTORICAL PRESENCE The Burger King has been a long-time tenant at this location with an established historical presence of more than 30 years, serving not only Wheelersburg, but many nearby towns along the river. True triple-net (NNN) lease with no landlord responsibilities and a healthy rent-to-sales ratio. 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

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