Burger King
6710 Denison Avenue | Cleveland, OH 44102
$1,350,000
Sale Price
Highlights
- Absolute NNN Lease - Zero Landlord Responsibilities -Tenant is Responsible for All Taxes, Insurance, Maintenance and Management on the Building
- 18 Years Remaining on the Lease with 4, 5 Year Options to Renew
- 10% Rental Increase Upcoming in 2026 and 12.5%Increases Every 5 Years Thereafter
- Excellent Location on Denison Avenue in a Densely Populated Cleveland Neighborhood
- Drive Thru Equipped Location with Ease of Access and Excellent Visibility and Signage
- Low Rent/SF Offers Minimal Downside and Significant Upside
- Rackson Restaurants is a 65+ Unit Burger King Franchisee with Locations Across the Midwest, Northeast and Mid Atlantic United States
Map
Property Details
| Sale Price: | $1,350,000 |
| Year Built: | 1972 |
| Property Type: | Retail |
| Building Size: | 2,358 SF |
| NOI: | $75,338.85 |
| Cap Rate: | 5.58% |
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All Documents
| Burger King - Denison Ave, Cleveland, OH - Encore MP |
| 1 Miles | 3 Miles | 5 Miles | |
|---|---|---|---|
| Total households | 9,788 | 83,475 | 168,898 |
| Total population | 20,626 | 161,535 | 330,642 |
| Population white | 56.7% | 64.5% | 68.4% |
| Population black | 17.9% | 16.6% | 17.3% |
| Population hispanic | 33.9% | 23.1% | 15.0% |
| Population asian | 1.3% | 2.4% | 2.8% |
| Population pacific islander | 0.2% | 0.1% | 0.1% |
| Population american indian | 1.5% | 0.6% | 0.5% |
| Population other | 10.2% | 7.4% | 4.6% |
| Persons per household | 2.1 | 1.9 | 2 |
| Average household income | $39,046 | $48,382 | $53,520 |
| Average house value | $50,520 | $110,354 | $118,626 |
| Average age | 34.1 | 35.7 | 36.8 |
| Average age male | 30.6 | 34.9 | 35.7 |
| Average age female | 36.6 | 36.8 | 38.2 |
* Demographic Data Derived From 2020 ACS - US Census