Burger King Absolute NNN
For Sale
Contact for pricing
1101 S Shannon Street, Van Wert, OH 45891
Single-tenant Burger King on an absolute NNN structure with tenant responsibility for maintenance, repairs, and capital components.
Property SizeContact for details
Days on Market123
Property Features for 1101 S Shannon Street
General Information
Standard status
Active
Property subtype
Retail
Listing Agency:
Cooper Commercial Investment Group
(216) 562-1981
Listed By:
Dan Cooper · License #OH 009003618
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 22 at 12:05AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Cooper Commercial Investment Group
Investment Insights
Based on property information with market context.
This sale offers the 100% fee simple interest in a single-tenant Burger King property operated under an Absolute NNN lease structure. The 3,670 S.F. building is occupied by Burger King, with the lease designed to minimize landlord involvement by placing on-site maintenance and repairs with the tenant. The tenant directly contracts for and pays for property expenses, and Burger King/Carrol is responsible for HVAC and roof replacement. Ownership reported the tenant recently approached early to execute a new 10-year lease extension.
The restaurant has been located on the hard corner of S. Shannon and W. Ervin since 1987. In 2016, Burger King completed a complete interior and exterior renovation to the reimaged prototype at its own expense.
The offering is presented as an investor acquisition based on tenant track record and lease stability, with the purchase structured as a 6.00% cap rate.
The restaurant has been located on the hard corner of S. Shannon and W. Ervin since 1987. In 2016, Burger King completed a complete interior and exterior renovation to the reimaged prototype at its own expense.
The offering is presented as an investor acquisition based on tenant track record and lease stability, with the purchase structured as a 6.00% cap rate.
Key Highlights
- Single‑tenant Burger King available as a 100% fee simple interest on an absolute NNN structure
- 3,670 SF building leased to Burger King, with tenant guaranteed by the largest (800+ locations) Burger King franchisee, Carrol Corp.
- Tenant recently approached ownership to execute a new 10‑year lease extension
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
372
Businesses Nearby
159k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 44%
Home Improvements & Furnishings 26%
Shops & Services 18%
Superstores 9%
Rural King
Home Improvements & Furnishings
20,971 visits/mo
0.4 miles
McDonald's
Dining
20,287 visits/mo
0.2 miles
Big Lots
Superstores
13,756 visits/mo
0.2 miles
Wendy's
Dining
11,224 visits/mo
0.3 miles
Pak-A-Sak
Shops & Services
10,537 visits/mo
0.1 miles
Demographics for 45891, OH
15,633
Population
6,679
Households
2.3
Avg Household Size
42
Median Age
19%
College-Educated
93%
High-School Grad
134.3 sq mi
ZIP Area
116
Density / Sq Mi
$62,944
Median Household Income
$43,369
Median Earnings
$744
Median Rent
$143,100
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Single-tenant Burger King on an absolute NNN structure with tenant responsibility for maintenance, repairs, and capital components.
Where is this conventional restaurant located?
The property is located at 1101 S Shannon Street Van Wert, OH.
What are key features of this property?
This property features: Single‑tenant Burger King available as a 100% fee simple interest on an absolute NNN structure; 3,670 SF building leased to Burger King, with tenant guaranteed by the largest (800+ locations) Burger King franchisee, Carrol Corp.; Tenant recently approached ownership to execute a new 10‑year lease extension
