1150 W Chestnut St - Restaurant FOR SALE


Washington, PA 15301
$2,347,724 USD
332-345-4222
1150 W Chestnut St, Washington, PA for Sale
$2,347,724 USD
Restaurant - FOR SALE
1/2
null | 6.15% Cap Rate

1150 W Chestnut St
Washington, PA 15301


HIGHLIGHTS

  • Absolute Triple Net (NNN) Lease With No Landlord Responsibilities | 1% Increases Starting 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 19,100 Vehicles Daily, Respectively

OVERVIEW

NNN Pro Group is pleased to present the exclusive listing for the Burger King located at 1150 W Chestnut Street in Washington, PA. The site consists of 3,071 rentable square feet of building space with a drive-thru on an estimated 1.33-acre parcel of land. This property is subject to a 20-year lease with 15 years remaining and is fully triple net. The current annual rent is $144,385 with 1% annual escalations beginning in 2029, and there are six, five-year options. The tenant on the lease is Carrols, LLC, who was recently acquired by Restaurant Brands International, LLC, which owns corporate Burger King.

FOR SALE DETAILS

PRICE

$2,347,724 USD

PRICE/SF

$764 USD /SF

CAP RATE

6.15%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Burger King

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2019

SPRINKLERS

-

PARKING SPACES

34

LAND DETAILS

LAND ACRES

1.33 AC

LAND SF

57,935 SF

ZONING

-

APN/PARCEL ID

7700080004000200

ASK ABOUT THIS PROPERTY

Glen KunofskyNNN Pro GroupMore Info
332-345-4222

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Glen KunofskyNNN Pro GroupMore Info
332-345-4222

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.