1150 Chestnut St Washington, PA 15301

This exceptional investment opportunity presents a fee-simple ownership of a Burger King restaurant located at 1150 W Chestnut St, Washington, PA 15301. The property boasts 3,071 square feet on a 1.33-acre lot, featuring a convenient drive-thru. The property is subject to a triple-net (NNN) lease with a highly creditworthy franchisee, Carrols, LLC, a subsidiary of Restaurant Brands International, LLC (the corporate owner of Burger King). The 20-year lease, commencing December 20, 2019, has approximately 15.1 years remaining, providing significant long-term stability. The current annual net operating income (NOI) is $144,385, representing a 6.15% cap rate and a price per square foot of $764.48. The lease includes 1% annual rent escalations beginning in 2029, and six five-year renewal options. The property benefits from a high-traffic location at the intersection of Interstate 70 and US Route 18/19, experiencing significant daily vehicle counts. The surrounding area has a substantial population base, exceeding 94,890 individuals within a ten-mile radius. This offering presents a compelling opportunity for investors seeking a stable, high-performing, and low-maintenance net lease investment in a prime location. The property was built in 2019 and enjoys 100% occupancy.