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Restaurant

Burger King

65 Ohio River Plaza, Gallipolis, OH 45631

Listing Price: $2,540,000

Cap Rate
5.26%
Tenant Name
Burger King
Years Remaining On Lease
19.5
Gross SF
2,972
Guarantor
Franchisee Guarantee
Rentable SF
2,972
Price/Gross SF
$854.64
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$44.96

Investment Overview

SITE FUNDAMENTALS The property consists of 1.42 acres of land improved with a 2,972-square foot building. The recently remodeled restaurant has a new 20-year lease in place. Annual base rent is set at $133,610 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 the corner of Gallipolis’ main retail corridor 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 Walmart, Taco Bell, McDonald’s, KFC, Dairy Queen and Aldi’s. ESTABLISHED HISTORICAL PRESENCE The Burger King has been a long-time tenant at this location with an established historical presence of more than 25 years, serving not only Gallipolis, but many nearby towns within a thirty-mile radius. 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. The site boast three points of ingress/egress and ample parking. STRONG GUARANTEE | GLOBALY RECOGNIZED BRAND Strong 54-unit guarantee with Ampler Burgers Ohio, LLC , an entity of Ampler Development, 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

  • Strong 54 Unit Guarantee | Growing Multi-Brand, Multi-State Operator
  • Outstanding Sales | Pandemic Resilient Essential Business
  • Established Historical Presence of More Than 25 Years
  • Triple-Net Investment with Zero Landlord Responsibilities
  • Highly Visible Location Directly on Ohio River Scenic Byway with Three Points of Ingress/Egress
  • Nearly One and Half Acres Along Gallipolis' Main Retail Corridor

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

Listing Price: $2,540,000

Cap Rate
5.26%
Tenant Name
Burger King
Years Remaining On Lease
19.5
Gross SF
2,972
Guarantor
Franchisee Guarantee
Rentable SF
2,972
Price/Gross SF
$854.64
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$44.96

Investment Highlights

  • Strong 54 Unit Guarantee | Growing Multi-Brand, Multi-State Operator
  • Outstanding Sales | Pandemic Resilient Essential Business
  • Established Historical Presence of More Than 25 Years
  • Triple-Net Investment with Zero Landlord Responsibilities
  • Highly Visible Location Directly on Ohio River Scenic Byway with Three Points of Ingress/Egress
  • Nearly One and Half Acres Along Gallipolis' Main Retail Corridor

Investment Overview

SITE FUNDAMENTALS The property consists of 1.42 acres of land improved with a 2,972-square foot building. The recently remodeled restaurant has a new 20-year lease in place. Annual base rent is set at $133,610 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 the corner of Gallipolis’ main retail corridor 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 Walmart, Taco Bell, McDonald’s, KFC, Dairy Queen and Aldi’s. ESTABLISHED HISTORICAL PRESENCE The Burger King has been a long-time tenant at this location with an established historical presence of more than 25 years, serving not only Gallipolis, but many nearby towns within a thirty-mile radius. 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. The site boast three points of ingress/egress and ample parking. STRONG GUARANTEE | GLOBALY RECOGNIZED BRAND Strong 54-unit guarantee with Ampler Burgers Ohio, LLC , an entity of Ampler Development, 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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