Restaurant
Burger King
1575 S Water St, Kent, OH 44240
Listing Price: $795,000
Investment Overview
The lease expires on 6/29/2026 providing an investor the upside opportunity to re-tenant or for owner/user. South Water Street is also known as State Highway 43 boasting a high traffic count of 17,000 VPD.
The lease was signed with Carrols Restaurant Group. Carrols Restaurant Group was purchased by the parent company of Burger King (Restaurant Brands, Inc.) in year 2024.
The subject site is located near many local and national businesses. Notable tenants in the immediate area on State Highway 43 include Chase bank, Key Bank, Portage Community Bank, McDonalds, CVS, Dunkin, Kentwood Square, O'Reilly's Auto Parts, etc.
Burger King
Investment Highlights
- Current rent is $7,364.15 per month. Lease expires on 6/29/2026. Pro Forma NOI for year 2026 is $88,369.80. Property provides upside for tenant re-position or owner/operator.
- Located 0.60 miles from Kent State University and near major retail destinations, ensuring consistent foot traffic. Kent State University has 25,630 enrollment situated on 866 acres.
- Situated in Kent's commercial corridor with strong visibility and accessibility.
- Remodeled in year 2016. Parcel of one acre provides for ample parking.
- Absolute NNN Lease.
- High traffic count of 17,000 VPD on S. Water St.
Exclusively Listed By
Broker of Record
-
Michael L. Glass
Executive Managing Director / Chief Revenue Officer
Listing Price: $795,000
Investment Highlights
- Current rent is $7,364.15 per month. Lease expires on 6/29/2026. Pro Forma NOI for year 2026 is $88,369.80. Property provides upside for tenant re-position or owner/operator.
- Located 0.60 miles from Kent State University and near major retail destinations, ensuring consistent foot traffic. Kent State University has 25,630 enrollment situated on 866 acres.
- Situated in Kent's commercial corridor with strong visibility and accessibility.
- Remodeled in year 2016. Parcel of one acre provides for ample parking.
- Absolute NNN Lease.
- High traffic count of 17,000 VPD on S. Water St.
Investment Overview
The lease expires on 6/29/2026 providing an investor the upside opportunity to re-tenant or for owner/user. South Water Street is also known as State Highway 43 boasting a high traffic count of 17,000 VPD. The lease was signed with Carrols Restaurant Group. Carrols Restaurant Group was purchased by the parent company of Burger King (Restaurant Brands, Inc.) in year 2024. The subject site is located near many local and national businesses. Notable tenants in the immediate area on State Highway 43 include Chase bank, Key Bank, Portage Community Bank, McDonalds, CVS, Dunkin, Kentwood Square, O'Reilly's Auto Parts, etc.
Exclusively Listed By
Broker of Record
-
Michael L. Glass
Executive Managing Director / Chief Revenue Officer
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