This corporate lease with Burger King Corporation has twelve (12) years remaining on the original twenty (20) year term, and offers the tax benefit of depreciation. The lease features a 7% rental increase in July 2018 and another 7% increase in July 2023.
Strong National Tenant
Burger King Corporation, a subsidiary of Restaurant Brands International Inc. (NYSE: QSR), has over 15,000 locations 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 37,000 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 93,855 and the average household income is $73,926.
Highly Trafficked Area
US-33 - 57,240 ADT
Gender Road - 37,090 ADT