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32918185
32918186

475 Airport Hwy, Wauseon, OH 43567

EV
NY10401357340
Silber Investment Properties Ltd
Listed by Silber Investment Properties Ltd
$1,746,000
14 days on market
Updated 5 days ago

Burger King | Wauseon, OH

Details
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 2,934
Cap Rate 6.75%
NOI $117,860
Tenancy Single
Lease Type Absolute NNN
Lease Expiration 02/29/2036
Rent Bumps Yes
Lease Options Three (3) @ Five (5) Years
Acreage 1.130
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Ground Lease No

Retail | 6.75% CAP | 2,934 SqFt

Marketing description

Burger King – 475 Airport Hwy, Wauseon, OH 43567 Presenting a compelling net-leased investment opportunity: an absolute NNN Burger King positioned on a 1.13-acre outparcel to Walmart Supercenter in Wauseon, Ohio. This 2,934 SF quick-service restaurant offers passive ownership with zero landlord responsibilities and is backed by a corporate guaranty from Carrols Corporation, the largest Burger King franchisee in the U.S. The property benefits from a long-standing operating history of more than 30 years at this location, underscoring strong store-level performance and durable customer demand. The lease runs through 2/29/2036 and features 2.5% rental increases every five years, plus three 5-year renewal options, providing attractive long-term income growth. Strategically located along Airport Hwy with visibility to approximately 9,476 vehicles per day and near the I-80/I-90 corridor, the site is surrounded by national retailers including Walmart, Circle K, Murphy USA, McDonald’s, Taco Bell, Wendy’s, and Dairy Queen. This established retail corridor supports steady traffic and reinforces the asset’s long-term investment appeal.

Investment highlights

  • Absolute NNN - No Landlord Responsibilities.
  • Long-Term Operating History - The tenant has successfully operated at this location for over 30 years, a strong indicator of store-level performance, established customer base, and long-term commitment to the site.
  • Outparcel to Walmart Supercenter - Providing the site with consistent consumer traffic, strong visibility, and the traffic-driving benefits of a national anchor.
  • Surrounded by National Retail - Nearby retailers include Circle K, Murphy USA, McDonald's, Taco Bell, Wendy's, and Dairy Queen. A proven QSR and convenience corridor that reinforces the trade area's daily-needs demand drivers.
  • Corporate Guaranty — Carrols Corporation - Rent guaranteed by Carrols Corporation, the largest Burger King franchisee in the United States, operating approximately 1,000 BK restaurants. Carrols was acquired by Restaurant Brands International (NYSE: QSR) in 2024 — providing investors with the creditstrength of a publicly traded sponsor.

Listing Contacts

EV
NY10401357340
Silber Investment Properties Ltd
Listed by Silber Investment Properties Ltd

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$117,860.00
$9,821.67/mo

Valuation Metrics

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DSCR
6.75%
Cap Rate
6.75%
ROI

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