33 S Reynolds RdToledo, OH 43615
Burger King
9+ Yrs on Abs. NNN Lease | Zero Landlord Responsibilities | Guaranteed by Long-Term BK Franchisee
Overview
- 9+ years remaining on an absolute triple-net (NNN) lease with zero landlord responsibilities. There is an 11.11% rental increase during 2028, pushing the listing cap rate to 6.67%. In addition, there are two five-year renewal options.
- The Lease is guaranteed by long-term Midwest Franchisee, Bennett Management, which operates 25 Burger King Locations in OH, MI, and IN.
- Located 2 Miles south of Toledo’s most affluent neighborhood, Ottawa Hills. The population of Ottawa Hills is currently 4,360, earning an average household income of $216,322.
- Located South of the Inverness Club, a prestigious golf club in the greater Toledo area.
- Positioned off the intersection of S Reynolds Rd and Hill Ave, sees ~44,600 VPD.
- Toledo is the fourth largest city in the state of Ohio (274k residents)
Photo Gallery
33 S Reynolds RdToledo, OH 43615
Inverness Club (2 Miles from Subject Property)
Village of Ottawa Hills (3.2 Miles from Subject Property)
University of Toledo (4.2 Miles from Subject Property)
Sales Team
Listing provided by Revere CRE