Burger King | Triple Net (NNN) Lease Investment Opportunity

$2,086,957

Ackley place and N Cassady Ave, Columbus, OH 43219

For Sale

Retail Restaurant

Active

Last Updated: 05/13/2021

Details:

Cap Rate: 5.75%

NOI: $120,000

Building Size: 2,910 sqft

Lot Area: 0.584 acres

Lease Type: Triple Net

Year Built: 2018

Price Per Sqft: $717.17

Offered by

Peter Block

Executive Vice President | Chicago

Colliers | Rosemont

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Description:

Colliers International is pleased to present for sale a single tenant, net leased, brand new construction Burger King restaurant located in Columbus, OH at the SW Corner of Ackley Rd & N Cassady Ave. This brand new location is situated in the Columbus airport submarket. As such, it is surrounded by 10 hotels and located off the main ramp of Hwy 62 and Airport Rd. Immediately East of the site is Ohio Dominican University

The tenant will be operating under brand new 20 year NNN lease. The new lease contains four (4), five (5) year renewal options and features 10% rent increases every five years. This is a true NNN lease structure with zero landlord responsibilities. This investment opportunity is being offered for sale at $2,086,000 a net operating income of $120,000 and a corresponding cap rate of 5.75%.