Restaurant

Burger King

Listing Price: $2,455,000

Cap Rate
5.50%
Tenant Name
Burger King
Years Remaining On Lease
19.80
Gross SF
2,974
Guarantor
Franchisee Guarantee
Rentable SF
2,974
Price/Gross SF
$825.49
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$45.39

Investment Overview

Marcus & Millichap is pleased to present for sale this single-tenant, absolute triple-net Burger King Restaurant investment opportunity located in the Hebron neighborhood of Columbus, Ohio. The property consists of approximately .85 acres improved with a 2,984-square foot building. The newly constructed “Garden Grill” restaurant has a brand new 20-year lease in place with Ampler Burgers, LLC, a multi-brand operator with 86 units under its Burger King entity. Annual base rent is set at $135,000 with 7.5 percent rental increases every five years in the base term, as well as in each of the four five-year renewal options. The restaurant is an outparcel of a popular Kroger Grocery, Pharmacy & Fuel located just off Hebron Road, minutes from the affluent lake-front communities of Buckeye Lake. It is also on the main corridor of a dense industrial sector, driving lunch-option demands for manufacturing plants like Owens Corning and THK. The site also benefits from limited dining competition with only one other national QSR brand nearby. The restaurant’s double drive-thru opened in July of 2020 and despite dining room closures, sales are trending above the brand’s national average. The community of Hebron is 15 minutes from Newark, and just 30 minutes east of downtown Columbus. Its strategic location with access to Interstate 70, the arterial freeway spanning the United State from coast to coast, is continuing to prove attractive to large corporate occupants.

Investment Highlights

  • 20-YEAR NNN LEASE | KROGER OUTPARCEL
  • DESIRABLE HEBRON SUBMARKET IN COLUMBUS MSA
  • AMPLE 86-UNIT GUARANTEE WITH SEASONED, MULTI-STATE OPERATOR

Exclusively Listed By

Financing By

Listing Price: $2,455,000

Cap Rate
5.50%
Tenant Name
Burger King
Years Remaining On Lease
19.80
Gross SF
2,974
Guarantor
Franchisee Guarantee
Rentable SF
2,974
Price/Gross SF
$825.49
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$45.39

Investment Highlights

  • 20-YEAR NNN LEASE | KROGER OUTPARCEL
  • DESIRABLE HEBRON SUBMARKET IN COLUMBUS MSA
  • AMPLE 86-UNIT GUARANTEE WITH SEASONED, MULTI-STATE OPERATOR

Investment Overview

Marcus & Millichap is pleased to present for sale this single-tenant, absolute triple-net Burger King Restaurant investment opportunity located in the Hebron neighborhood of Columbus, Ohio. The property consists of approximately .85 acres improved with a 2,984-square foot building. The newly constructed “Garden Grill” restaurant has a brand new 20-year lease in place with Ampler Burgers, LLC, a multi-brand operator with 86 units under its Burger King entity. Annual base rent is set at $135,000 with 7.5 percent rental increases every five years in the base term, as well as in each of the four five-year renewal options. The restaurant is an outparcel of a popular Kroger Grocery, Pharmacy & Fuel located just off Hebron Road, minutes from the affluent lake-front communities of Buckeye Lake. It is also on the main corridor of a dense industrial sector, driving lunch-option demands for manufacturing plants like Owens Corning and THK. The site also benefits from limited dining competition with only one other national QSR brand nearby. The restaurant’s double drive-thru opened in July of 2020 and despite dining room closures, sales are trending above the brand’s national average. The community of Hebron is 15 minutes from Newark, and just 30 minutes east of downtown Columbus. Its strategic location with access to Interstate 70, the arterial freeway spanning the United State from coast to coast, is continuing to prove attractive to large corporate occupants.

Exclusively Listed By

Financing By

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