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994 High St
Wadsworth, OH 44281

$3,367,363 USD

Fast Food For Sale  •  4,291 SF

Property Details

  • Property Type Fast Food
  • Total Building Size 4,126 SF
  • Lot Size 1.6 AC
  • Building Class C
  • Year Built 1995
  • Cap Rate 5.95 %
  • Tenancy Single
0 Transit Score
60 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 on High Street, the primary thoroughfare through Wadsworth, Ohio, with direct access to US-224.
Significant Local Traffic Drivers – The nearby Fisher-Titus Facility generates substantial daily traffic to the site, along with Norwalk High School
Strong Demographics – Within a three-mile radius, the area boasts a population of approximately 28,000 residents, 854 total businesses
Proven Sales Performance – 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

Amenities

  • Pylon Sign
  • Signage
  • Drive Thru

Public Transportation

AirportDriveWalkDistance
Akron-Canton Regional 29 min - 22.0 mi
Cleveland-Hopkins International 46 min - 31.8 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 50
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