Burger King NNN
For Sale
Contact for pricing
698 Oakmound Dr, Clarksburg, WV 26301
Absolute net lease structure leaves no landlord responsibilities under the current arrangement.
Property SizeContact for details
Days on Market143
Property Features for 698 Oakmound Dr
General Information
Standard status
Active
Property subtype
Retail
Building Details
Tenancy
Single
Listing Agency:
Stream Capital Partners
Listed By:
Jordan Koeppel · License #NY 10401317069
Source:
Crexi
Added: Apr 10
Changed: Aug 30
Last Checked: Aug 30 at 12:19AM
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 Stream Capital Partners
Investment Insights
Based on property information with market context.
The property is occupied by a Burger King restaurant at 698 Oakmound Dr. in Clarksburg, West Virginia. It is subject to an absolute net lease with more than 15 years remaining and no landlord responsibilities identified under the lease structure. Contractual rent increases occur at 7.5 percent every five years, providing scheduled escalation terms.
The site occupies the hard corner of Good Hope Pike and Oak Mound Road and is located approximately 40 miles south of Morgantown. Lease guaranty support comes from GPS Hospitality Acquisition Company, which operates more than 400 Popeye’s and Burger King locations across the United States. The surrounding area includes more than 22,000 residents within three miles, while Clarksburg has more than $10 million in active development permits.
The site occupies the hard corner of Good Hope Pike and Oak Mound Road and is located approximately 40 miles south of Morgantown. Lease guaranty support comes from GPS Hospitality Acquisition Company, which operates more than 400 Popeye’s and Burger King locations across the United States. The surrounding area includes more than 22,000 residents within three miles, while Clarksburg has more than $10 million in active development permits.
Key Highlights
- More than 15 years remaining on an absolute net lease
- Zero landlord responsibilities under the absolute net lease structure
- 7.5 percent rent increases every five years
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
283
Businesses Nearby
37k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 47%
Shops & Services 29%
Dining 24%
Food Lion Grocery Store
Groceries
15,755 visits/mo
0.2 miles
Burger King
Dining
8,970 visits/mo
0.1 miles
Dollar General
Shops & Services
6,078 visits/mo
0.2 miles
Family Dollar
Shops & Services
3,450 visits/mo
0.2 miles
Marsh
Groceries
1,431 visits/mo
0.2 miles
Demographics for 26301, WV
28,586
Population
13,875
Households
2.1
Avg Household Size
42
Median Age
22%
College-Educated
86%
High-School Grad
77.1 sq mi
ZIP Area
371
Density / Sq Mi
$49,773
Median Household Income
$34,594
Median Earnings
$772
Median Rent
$123,500
Median Home Value
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
NNN property - Absolute net lease structure leaves no landlord responsibilities under the current arrangement.
Where is this nnn property located?
The property is located at 698 Oakmound Dr Clarksburg, WV.
What are key features of this property?
This property features: More than 15 years remaining on an absolute net lease; Zero landlord responsibilities under the absolute net lease structure; 7.5 percent rent increases every five years
