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INVESTMENT HIGHLIGHTS
LONG TERM OCCUPANCY: Burger King has operated at the Property since 1980 (44 years). In 2020 Burger King executed a 20-year extension, and completed a significant renovation to the building, demonstrating their commitment to the site and the market. Burger King has 15+ years remaining on their Absolute NNN Ground Lease.
ZERO MANAGEMENT RESPONSIBILITIES & ATTRACTIVE RENT INCREASES: Burger King has an Absolute NNN Ground Lease and requires zero management responsibilities making it an attractive investment for the passive real estate investor. The lease includes attractive 10% rent increases every five years throughout the primary lease term providing a steady increase in income and an attractive hedge against inflation.
CORPORATE GUARANTY: This location features a corporate guaranty and is operated by PEC Management II. Established in 1967, PEC Management II is the owner and operator of over 40 Burger King restaurants in Western Pennsylvania, Ohio and Florida. With their continued focus on their customers and development of employees, PEC Management II strives to become the premier Burger King franchisee in the Great Lakes region.
STRATEGIC RETAIL LOCATION: The Property enjoys an outstanding location in the heart of East Liverpool’s commercial district. Burger King is shadow anchored by Skyview Plaza (anchored by Giant Eagle, Busy Beaver, Planet Fitness and Ace Hardware), and is seconds from Aldi and Walmart Supercenter, all of which drive traffic to the immediate area. The Property is surrounded by nationally branded restaurants and area employers, and enjoys convenient access to US Highway 30. The Property is also just 4-miles from Kent State University East Liverpool campus.
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