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823 N Main St
Wellington, OH 44090

$2,403,710 USD

Fast Food For Sale  •  3,890 SF

Property Details

  • Property Type Fast Food
  • Total Building Size 4,090 SF
  • Lot Size 1.22 AC
  • Building Class B
  • Year Built 1969
  • Cap Rate 5.95 %
  • Tenancy Multiple
0 Transit Score
22 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
Surrounding Tenancy – The property is located in the heart of Wellington, surrounded by a strong mix of national and local tenants
Local Traffic Drivers – The property benefits from its proximity to Wellington High School, Forest City Technologies, ResCare of Wellington
Store Front Renovation – The property underwent a full renovation in 2018, featuring updated finishes and branding
Strong Sales – The sale-leaseback rental rate is supported by an 8.5% rent-to-sales ratio over the trailing three years.
Cap Rate: 5.95 %

Major Tenants

Tenant SF Occupied Lease End Date
Burger King

Public Transportation

AirportDriveWalkDistance
Cleveland-Hopkins International 43 min - 29.9 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 49
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