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EXCLUSIVE LISTING
Applebee's & Burger King
Warren, PA
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- Located along Market Street/US Highway 62, a North-South Thoroughfare in Warren with Excellent Frontage and Visibility and Multiple Points of Access
- Located as Outparcels to Warren Commons Shopping Center - 371,881 SF Walmart and Lowe's Anchored Center with ~ 22 Stores including Dollar Tree, GameStop, Verizon, Hibbett Sports and More | Increases Consumer Traffic to the Area
- Other Nearby National/Credit Retailers include Tractor Supply Co., ALDI, PNC, Goodwill, Advance Auto Parts, Sheetz and More
- Nearly 19,000 Residents (AHHI $62,500) and Over 14,000 Employees Support 5-Mile Trade Area
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Applebee's
PRICE: $1,143,000 | CAP RATE: 5.25%
- Applebee's Franchise Guaranteed Ground Lease with 4 Years Remaining on the Initial Term
- Guaranteed by Scott Enterprises Inc., a Hospitality Company Based in Erie, PA | Own and Operate 30+ Franchised Restaurants, Hotels, Conference/Banquet Halls, Resorts and an Indoor Water Park
- Absolute NNN Ground Lease | Zero Landlord Responsibilities | 2 (5-Year) Option Periods | $5,000 Rent Increase at the Beginning of the First Option Period
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Burger King
PRICE: $1,152,400 | CAP RATE: 5.25%
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Franchise Guaranteed Ground Lease with ~ 4 Years of Term Remaining | Recently Exercised First Option Period, Showing Their Commitment to the Site
- Guaranteed by Carrols LLC (NASDAQ: TAST), the Largest Burger King Franchisee with over 800 Locations and 20,000 Employees
- Absolute NNN Ground Lease | Zero Landlord Responsibilities | 3 (5-Year) Option Periods | 10% Rent Increases at the Beginning of Each Option Period
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AVAILABLE INDIVIDUALLY OR TOGETHER
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Dan Elliot
Senior Vice President,
dan.elliot@srsre.com
DL: 312.279.5342
M: 312.972.7978
IL License #475144985
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Sean Lutz
Senior Vice President,
sean.lutz@srsre.com
DL: 312.279.5345
M: 312.437.8598
IL License #475132482
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Broker of Record: David Wirth | PA License No. RM421531
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