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Burger King

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Location / Contact

1080 Hill Road North
Pickerington, OH

For more information, contact:
Stephanie May Beaumier
CASTO
614.744.3404

General Info

Status AVAILABLE
Property Type Single Tenant
Price $1,252,473
Cap Rate 4.65%
Building Size 2,800 sq. ft.
Land Area 0.744 acres

Key Demographics

3-Mile
Radius
5-Mile
Radius
Population 60,622 149,854
Daytime Population 33,476 74,660
Median Age 35 Yrs. 35 Yrs.
Households 23,029 58,247
Avg. Household Income $78,218 $73,672
# of Businesses 1,642 3,757
# of Employees 20,834 40,942

Description

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.

Superior Demographics     
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