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1148 S Conwell Ave
Willard, OH 44890

$2,140,094 USD

Fast Food For Sale  •  3,250 SF

Property Details

  • Property Type Fast Food
  • Total Building Size 3,250 SF
  • Lot Size 0.79 AC
  • Building Class B
  • Year Built 1999
  • Cap Rate 5.95 %
  • Tenancy Single
0 Transit Score
38 Walk Score

Highlights

Long Term Absolute NNN Lease – At closing, the tenant will execute a new 15-year absolute NNN lease featuring 10% rent increases every five years
Established Franchisee – The franchisee has been operating Burger King restaurants since 1959
Storefront Renovation – The property underwent a full renovation in 2018, featuring updated finishes and modernized branding
Strong Retail Corridor – The Property is located with multiple access points on Conwell Ave and surrounding tenancy including Circle K, Wendys, Arby’s
Proximity to Major Traffic Drivers – Strategically positioned adjacent to key employment and institutional anchors, including Mercy Health
Surrounding New Development – Two senior living communities, The Willows at Willard and The Willows at Willard Patio Home
Cap Rate: 5.95 %

Major Tenants

Tenant SF Occupied Lease End Date
Burger King

Amenities

  • Pylon Sign
  • Signage
  • Drive Thru

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 45
Type: Surface
Included in Rent: Yes
Jonah Yulish 216-503-3610 Matthews Real Estate Investment Services
Jonah Yulish 216-503-3610 Matthews Real Estate Investment Services