1034 State Route 37Delaware, OH 43015

Property Details for 1034 State Route 37

Year built

2019

Lot size

1.14 AC

Property size (Sq ft)

2,993 SF

Property type

Retail properties

Description

This exceptional investment opportunity presents a fee-simple, 2,993 square foot Burger King restaurant located at 1034 State Route 37 West in Delaware, Ohio. The property boasts a 20-year triple-net (NNN) lease with 15.1 years remaining, providing significant long-term stability. The current annual net operating income (NOI) is $136,424, yielding a 6.15% cap rate. The lease includes 1% annual rent increases commencing in 2029. The tenant, Carrols Restaurant Group, a subsidiary of Restaurant Brands International (the parent company of Burger King), ensures a strong and reliable tenant profile. Situated on a 1.14-acre lot, this strategically located property benefits from high visibility and traffic counts, with US Route 23 (36,650 vehicles per day) and US Route 36 (20,370 vehicles per day) intersecting nearby. The property's prime location is further enhanced by a strong demographic profile, with over 106,780 people residing within a ten-mile radius. Built in 2019, this well-maintained property offers a compelling investment opportunity with substantial long-term growth potential. The asking price is $2,218,276, representing a price per square foot of $741.15. This is a single-tenant, fee-simple ownership with no landlord responsibilities.

Location Insight

City

Delaware

County

Delaware

State

Ohio

Latitude

40.3075

Longitude

-83.0969

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].