Burger King
Washington, PA
Key Details
| Price: | $2,347,724 |
|---|---|
| Cap Rate: | 6.15% |
| Annual Rent: | $144,385 |
| Address: | 1150 West Chestnut Street, Washington, Pennsylvania 15301 |
| Property Type: | Retail |
| Lease Type: | Triple Net (NNN) |
Property Data
| Original Lease Term: | 20 Years |
|---|---|
| Lease Commencement: | 12/20/2019 |
| Lease Expiration: | 12/31/2039 |
| Lease Term Remaining: | 15 Years |
| Rental Increases: | 1.00% Annually Starting Year 11 |
| Lot Size: | 1.33 Acres |
| Building Size: | 3,071 SF |
| Year Built: | 2019 |
NNN Pro is pleased to present the exclusive listing for a Burger King located at 1150 West Chestnut Street, Washington, Pennsylvania 15301. The site consists of roughly 3071 rentable square feet of building space on an estimated 1.33-acre parcel of land. This Burger King is subject to a 20-year Triple Net (NNN) lease, which commenced 12/20/2019. The current annual rent is $144,385 and has scheduled increases of 1.00% Annually Starting Year 11.
About the Investment
- Absolute Triple Net (NNN) Lease With No Landlord Responsibilities | 1% IncreasesStarting in Year 11| Next Increase in 2029
- Over 15 Years Remaining On Lease
- Intersecting Interstate 70 and US Route 18/19 Experiences 45,520 and 19,100Vehicles Daily, Respectively
Key Details
| Price: | $2,347,724 |
|---|---|
| Cap Rate: | 6.15% |
| Annual Rent: | $144,385 |
| Address: | 1150 West Chestnut Street, Washington, Pennsylvania 15301 |
| Property Type: | Retail |
| Lease Type: | Triple Net (NNN) |
Property Data
| Original Lease Term: | 20 Years |
|---|---|
| Lease Commencement: | 12/20/2019 |
| Lease Expiration: | 12/31/2039 |
| Lease Term Remaining: | 15 Years |
| Rental Increases: | 1.00% Annually Starting Year 11 |
| Lot Size: | 1.33 Acres |
| Building Size: | 3,071 SF |
| Year Built: | 2019 |
Talk to the Pros
Glen Kunofsky
gkunofsky@nnnpro.com
License: NY: 49KU1129178
Anthony D'Ambrosia
adambrosia@nnnpro.com
License: NY: 10401294012
Josh Kanter
jkanter@nnnpro.com
License: NY: 10401294056
Broker of Record
Brian Brockman
Bang Realty-Pennsylvania, Inc
License: RM432816
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This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.