November 25, 2019 – Logan Fite, Bob Horvath, and Todd Tremblay of Horvath & Tremblay has successfully completed the sale of Burger King in Dayton, Ohio. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $1,450,000.
Burger King is located at 4382 Brandt Pike in Dayton. Burger King has occupied the stand-alone building since its construction in 1999. Burger King has 7+ years of term remaining on a corporate lease followed by three 5-year renewal options. The lease calls for 10% rent increases at the start of each renewal option. The property is extremely well located at the signalized intersection of two primary roadways, with excellent visibility, signage and entry and egress. Additionally, Burger King is surrounded by numerous national retailers and benefits from strong demographics (approximately 147,000 people within a 5-mile radius) and very high traffic counts (more than 28,000 vehicles per day).
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.