Financial Summary
| Asking Price | $1,677,618 |
| Cap Rate | 5.50% |
| Net Operating Income (NOI) | $92,269 |
| 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
- Highway location adjacent to Interstate 71
Net Lease Advisor
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Location
3007 NYS Route 417 W851 SR 97 W
Bellville, OH
