Corporate Ground Lease
This corporate ground lease with Burger King Corporation has ten (10) years remaining on its lease term, with two (2) five (5) year options to renew.
National Tenant With Long Historical Tenancy
Burger King Corporation, with over 15,000 locations across the world and $4.05 billion in revenue, has successfully operated at this location for 30 years.
Significant Rent Increases
The lease features a 12% increase in 2021, as well as in each of the two 5-year renewal options.
Outparcel Enjoys Excellent Frontage
Burger King enjoys excellent frontage on highly trafficked SR-256 (32,716 ADT).
Strong Retail Corridor
Situated in front of Pickerington Square, a 105,511 square foot shopping center that was recently expanded and redeveloped and is anchored by Giant Eagle.
Within one mile of the property, the estimated average household income is $101,075 and total annual retail expenditures exceed $90 million.
Highly Trafficked Area
SR-256/Hill Road - 32,716 ADT
Refugee Road. - 13,215 ADT