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Restaurant

Burger King

3056 Graham Rd, Stow, OH 44224

Listing Price: $1,357,236

Cap Rate
5.50%
Tenant Name
Carrols, LLC
Years Remaining On Lease
11.6
Guarantor
Corporate Guarantee
Rentable SF
3,150
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$23.70

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Burger King located at 3056 Graham Rd in Stow, OH. The site consists of roughly 3,150 rentable square feet of building space on estimated 2.33-acre parcel of land. This Burger King is subject to a 20-year absolute triple-net (NNN) lease, which commenced on August 20th, 2014, and has over 11 years remaining. The current annual rent is $74,648 and is scheduled to increase by 1.00% annually starting September 1st, 2024, and in the first three years each of the 6, 5-year renewal options. *Certain principals of the selling entity, including but not limited to Glen Kunofsky and Nicoletti DePaul, are Exclusive Listing Agents and part fee-simple owners of the property. See back page for full disclosure.

Investment Highlights

  • Long Term Lease | 11.8 Years Left on a 20-Year Lease
  • Triple Net (NNN) Lease with Zero Landlord Responsibilities
  • Guaranteed by Carrols, LLC | Largest Burger King Franchisee With Over 1,100 Units

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (614) 360-9800

    License(s) OH: BRK.2007005898

    Ohio

Restaurant

Burger King

Listing Price: $1,357,236

Cap Rate
5.50%
Tenant Name
Carrols, LLC
Years Remaining On Lease
11.6
Guarantor
Corporate Guarantee
Rentable SF
3,150
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$23.70

Investment Highlights

  • Long Term Lease | 11.8 Years Left on a 20-Year Lease
  • Triple Net (NNN) Lease with Zero Landlord Responsibilities
  • Guaranteed by Carrols, LLC | Largest Burger King Franchisee With Over 1,100 Units

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Burger King located at 3056 Graham Rd in Stow, OH. The site consists of roughly 3,150 rentable square feet of building space on estimated 2.33-acre parcel of land. This Burger King is subject to a 20-year absolute triple-net (NNN) lease, which commenced on August 20th, 2014, and has over 11 years remaining. The current annual rent is $74,648 and is scheduled to increase by 1.00% annually starting September 1st, 2024, and in the first three years each of the 6, 5-year renewal options. *Certain principals of the selling entity, including but not limited to Glen Kunofsky and Nicoletti DePaul, are Exclusive Listing Agents and part fee-simple owners of the property. See back page for full disclosure.

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (614) 360-9800

    License(s): OH: BRK.2007005898

    Ohio

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