This corporate lease with Burger King Corporation has nine (9) years remaining on the original twenty (20) year term, and offers the tax benefit of depreciation. The lease features a 7% increase in July 2023.
Strong National Tenant
Burger King Corporation, a subsidiary of Restaurant Brands International Inc. (NYSE: QSR), has over 17,700 restaurants in over 100 countries and is the world's second largest fast food hamburger restaurant chain.
Steady Population Growth
Just 12 minutes from downtown Columbus, the population within 3 miles of this location has increased an average of 6.5% annually since 2000.
Located at the intersection of US-33 and Gender Road, the property features excellent frontage on Gender Road, where traffic counts exceed 40,000 ADT.
Prime Retail Location
As an outparcel to Waterloo Crossing Shopping Center, a 339,467 square foot retail center anchored by Walmart Supercenter, Burger King is ideally situated in one of the fastest growing areas of central Ohio.
Within 5 miles of the property, the estimated population is 94,663 and the average household income is $79,585.