
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
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Location
3196 Manchester Road
Akron, OH