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Burger King 1150 W Chestnut St

3,071 SF Retail Building Washington, PA 15301 £1,838,972 (£599/SF) 6.15% Net Initial Yield

Investment Highlights

  • Absolute Triple Net (NNN) Lease With No Landlord Responsibilities | 1% Increases Starting in Year 11| Next Increase in 2029
  • Intersecting Interstate 70 and US Route 18/19 Experiences 45,520 and 19,100 Vehicles Daily, Respectively
  • Over 15 Years Remaining On Lease

Executive Summary

NNN Pro Group is pleased to present the exclusive listing for the Burger King located at 1150 W Chestnut Street in Washington, PA. The site consists of 3,071 rentable square feet of building space with a drive-thru on an estimated 1.33-acre parcel of land. This property is subject to a 20-year lease with 15 years remaining and is fully triple net. The current annual rent is $144,385 with 1% annual escalations beginning in 2029, and there are six, five-year options. The tenant on the lease is Carrols, LLC, who was recently acquired by Restaurant Brands International, LLC, which owns corporate Burger King.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,071 SF
Building Class
B
Year Built
2019
Price
£1,838,972
Price Per SF
£599
Net Initial Yield
6.15%
NOI
£113,097
Tenancy
Single
Number of Floors
1
Building FAR
0.05
Lot Size
1.33 AC
Parking
34 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
137 ft on Jefferson Avenue
1 of 1
1150 W Chestnut St, Washington, PA - aerial map view
Walk Score ®
Very Walkable (77)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

Nearby Major Retailers

PNC Bank
United Rentals
Rent-A-Center
KeyBank
Citizens Bank
WesBanco
Bob Evans Restaurants
Denny's

PROPERTY TAXES

Parcel Number 7700080004000200 Improvements Assessment £446,873
Land Assessment £281,753 Total Assessment £728,626

PROPERTY TAXES

Parcel Number
7700080004000200
Land Assessment
£281,753
Improvements Assessment
£446,873
Total Assessment
£728,626
(332) 345-4222

Contacts

  • Listing ID: 32734665

  • Date on Market: 08/08/2024

  • Last Updated:

  • Address: 1150 W Chestnut St, Washington, PA 15301

The Retail Property at 1150 W Chestnut St, Washington, PA 15301 is currently available for sale. Contact NNN Pro Group for more information.

Retail PROPERTIES IN NEARBY NEIGHBOURHOODS

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© 2024 CoStar Group

Burger King | 1150 W Chestnut St
(332) 345-4222 x

Burger King | 1150 W Chestnut St

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Glen Kunofsky

(332) 345-4222

(332) 345-4222

Anthony D'Ambrosia

(203) 887-8797

(203) 887-8797

Josh Kanter

(617) 865-1145

(617) 865-1145

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