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2224 Leavitt Rd
Lorain, OH 44052

$2,541,145 USD

Fast Food For Sale  •  2,864 SF

Property Details

• Property Type Fast Food
• Total Building Size 2,904 SF
• Lot Size 0.33 AC
• Building Class B
• Year Built 1969
• Cap Rate 5.95 %
• Tenancy Single

0 Transit Score

55 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 2017, featuring updated finishes and modernized branding

Strong Sales – The sale-leaseback rental rate is supported by an 8.5% rent-to-sales ratio over the trailing three years.

Surrounding Tenancy – The asset is positioned among a diverse mix of national and local retailers, including Marco’s Pizza, Family Dollar

Premier Location – Strategically located within one of Ohio’s highest-income blue-collar neighborhoods, offering strong consumer spending power

Cap Rate:

5.95 %

Major Tenants

Tenant	SF Occupied	Lease End Date
Burger King

Amenities

• Pylon Sign
• Signage
• Drive Thru

Public Transportation

Airport	Drive	Walk	Distance
Cleveland-Hopkins International	38 min	-	25.4 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	27
Type:	Surface
Included in Rent:	Yes