Financial Summary
| Asking Price | $2,358,857 |
| Cap Rate | 5.25% |
| Net Operating Income (NOI) | $123,840 |
| Lease Type | NNN |
| Lease Term Remaining | 15 Years |
| Increases | 10% Every 5 Years |
Highlights
- New 15-year NNN lease with Carrols Corp, the world’s largest Burger King franchisee
- Carrols Corp guarantee (1000+ stores and $1.2Bil in annual revenue)
- Remodeled with Burger King’s “20/20 Design”
- Absolute NNN, no landlord responsibilities
- Proven location with strong sales history
- 10% rent increases every five years
- Excellent location at signalized intersection with good ingress and egress
- Located in a retail corridor with over 20K VPD, directly across street from shopping center
Net Lease Advisor
For more information on this tenant, including averages, overview and credit ratings, visit NetLeaseAdvisor.com.
Location
3196 Manchester Road
Akron, OH
