Burger King 3056 Graham Rd

3,150 SF Retail Building Stow, OH 44224 $1,370,000 ($435/SF) 5.50% Cap Rate

Investment Highlights

  • Triple Net Lease Corporate Burger King with Approximately 10 Years Remaining | Zero Landlord Responsibilities
  • Frontage on the Corner of Both Fishcreek Rd with 20,900 VPD and Graham Rd with 14,200 VPD
  • The Akron MSA has roughly 702,000 Residents and the city of Akron is the County Seat of Summit County
  • 3,150 SF Building on 2.33 Acre Lot | Listed at $420 Dollars Per Building SF
  • Three-Mile Population of 49,000 with an Average Household Income of $100,000
  • This Location is Operated by Carrols Corporation (1,000 Units) which was Recently Acquired by Burger King's Parent company Restaurant Brands Internati

Executive Summary

Marcus & Millichap is pleased to exclusively offer the opportunity to acquire a 3,150-square-foot building on a 2.33-acre at 3056 Graham Road, Stow, Ohio. The property is located in the Akron metroplex that has roughly 702,000 residents. The property is currently leased to Burger King with approximately 10 years remaining. The triple net lease has zero landlord responsibilities and includes annual rental
increases of one percent. This location is operated by Carrols Corporation which operates over 1000 Burger Kings and was recently acquired by Burger King's parent company Restaurant Brands International.

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Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,150 SF
Building Class
B
Year Built
1988
Price
$1,370,000
Price Per SF
$435
Cap Rate
5.50%
NOI
$75,394
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
2.33 AC
Zoning
Commercial
Parking
30 Spaces (6.78 Spaces per 1,000 SF Leased)
Frontage
211 FT on Graham Rd

Amenities

  • Drive Thru

Nearby Major Retailers

Fifth Third Bank
Huntington National Bank
PNC Bank
Meijer
ALDI
Old Carolina Barbeque Company
Giant Eagle
Applebee's
Rent-A-Center
Starbucks

PROPERTY TAXES

  • Listing ID: 33760939

  • Date on Market: 11/5/2024

  • Last Updated:

  • Address: 3056 Graham Rd, Stow, OH 44224