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For Sale

Burger King

1575 S Water St,
Kent, OH 44240

Asset Snapshot

1970
Year Built
2024
Year Renovated
1
Floor Count
1
Building Count

Offering Summary

Investment Overview

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Investment Highlights

  • Absolute NNN Lease with ZERO Landlord Responsibilities
  • Established Burger King Location with Long Operating History
  • Attractive 7.25% Cap Rate with Immediate Cash Flow.
  • Low Occupancy Cost with below-market rent and an exceptionally low price per square foot, the site's occupancy cost is easily supportable and highly replaceable for Burger King or a future drive-thru operator long term.
  • Strategically Located Near Kent State University - The property benefits from proximity to Kent State University, one of Ohio’s largest public universities, driving consistent traffic from students, faculty, and surrounding residents
  • Positioned along S Water Street (16,645 VPD) near State Route 261 (12,915 VPD), the property offers excellent visibility and convenient access within a heavily traveled retail corridor
  • Surrounded by National Retailers - Located in an established retail trade area surrounded by national tenants including; Chase Bank, CVS Pharmacy, McDonald's, Subway, Starbucks, Wendy's, Walgreens, AutoZone, and O'Reilly Auto Parts

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Listing Syndicated From

Buildout
For Sale
$1,218,500
Asking Price