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1900 Cooper Foster Park Rd W
Lorain, OH 44053

$3,320,061 USD

Fast Food For Sale  •  4,775 SF

Property Details

  • Property Type Fast Food
  • Total Building Size 3,060 SF
  • Lot Size 0.94 AC
  • Building Class C
  • Year Built 1978
  • Cap Rate 5.95 %
  • Tenancy Single
  • Zoning B-2
0 Transit Score
67 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
Strong Retail Corridor – The property is located at a signalized intersection, providing multiple ingress and egress points.
New Surrounding Development – The Corridor has benefited from several surrounding new home developments and senior housing facilities
Strong Sales – The sale-leaseback rental rate is supported by an 8.5% rent-to-sales ratio over the trailing three years.
Burger King “Reclaim the Flame” Initiative – Burger King is executing its multi-year “Reclaim the Flame” strategy to drive national sales growth
Cap Rate: 5.95 %

Major Tenants

Tenant SF Occupied Lease End Date
Burger King

Amenities

  • Pylon Sign
  • Signage
  • Drive Thru

Public Transportation

Commuter RailDriveWalkDistance
Elyria Amtrak (Capitol Limited - Amtrak, Lake Shore Limited - Amtrak) 15 min - 9.3 mi
AirportDriveWalkDistance
Cleveland-Hopkins International 35 min - 23.5 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 35
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