Coshocton, OH - Burger King

Description:

SRS National Net Lease Group, LP is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Burger King investment property located in Coshocton, Ohio. The tenant, Carrols LLC (dba Burger King) extended their lease for an additional 13 years through December 31, 2040, with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 1% annual increases beginning 1/1/31 and continuing each year thereafter throughout the remainder of the term and option periods, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for an out of state investor.

The Burger King is located near the signalized intersection of Airport Road / County Road 621 and U.S. Highway 36 with a combined (15,500 VPD). U.S. Highway 36, is the major retail thoroughfare serving the city of Coshocton and the Columbus–Pittsburgh corridor. The Burger King is an outparcel to the Walmart Supercenter, which draws 2.2 million annual visits per Placer.ai and also features national/credit tenants including Murphy USA, Anytime Fitness, Dollar Tree, Great Clips and Shoe Dept. The asset is minutes from Downtowner Plaza, a Tractor Supply, Dunham’s Sports and Dollar Tree anchored center. In addition, Burger King is also near the South 2nd Street retail corridor featuring Rural King, Ollie’s, ALDI and Buehler’s Fresh Foods. The property is in the center of a primary retail corridor with other nearby national/credit tenants including Walgreens, McDonald’s, Wendy’s, Taco Bell, KFC, Tim Hortons, Dollar General, Verizon, AutoZone, O’Reilly Auto Parts, and more, further increasing consumer traffic to the site. The subject property is in close proximity to Coshocton Regional Medical Center (56 Beds), the largest medical facility in Coshocton County. The 5-mile trade area is supported by a population of over 17,000 with an average household income of $64,432.

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Listing ID: a28TP000003Sf9lYAC