Burger King

Lease Highlights

• Attractive 8.00% Cap Rate: Offered at $1,018,517, reflecting an attractive 8.00% cap rate.
• Long-Term Operating History & Recent Extension: Approximately 5.5 years remain on the lease, with increases tied to changes in CPI at the start of the option period. The tenant has operated at this location for nearly 30 years and recently exercised a 5-year extension through January 31, 2032, reaffirming its long-term commitment to the site.
• Absolute NNN Ground Lease: Structured as an absolute NNN ground lease with zero landlord responsibilities, providing investors with a completely passive income stream.
• Strong Sales Performance: This location is a sales reporting store, with 2025 sales reflecting a healthy 5.00% Rent to sales ratio.
• Percentage Rent Upside: The tenant pays additional percentage rent equal to 3.00% of gross sales above a $900,000 breakpoint, providing embedded upside beyond the base rent.
• Burger King Corporate Guarantee: Burger King Company LLC formerly assumed the lease from Carrols LLC, replacing the prior franchisee-level credit with a direct corporate guarantee from Burger King Company LLC.

Location Highlights

• Strong Local Demographics: More than 50,000 residents live within five miles, with an average household income exceeding $70,000.
• High-Traffic Signalized Location: The property sits at the I-70 underpass at the signalized corner of Zane Street & South York Street, benefiting from approximately 48,000 vehicles per day at the I-70 & Zane Street interchange—one of the highest-trafficked intersections in the Wheeling market.
• Wheeling Island Tourism Driver: Located within the Wheeling Island submarket, home to the Wheeling Island Hotel-Casino-Racetrack, a 151-room hotel, casino, and live greyhound racing venue that generates consistent visitor and tourist traffic.
• $122 Million Regional Cancer Center Development: Just 1.5 miles away, the 127,000 SF WVU Cancer Institute St. Joseph Regional Cancer Complex broke ground in March 2026 and is scheduled to open in fall 2028. The project will consolidate cancer services from WVU Medicine Wheeling Hospital and Reynolds Memorial and represents one of the largest investments in downtown Wheeling’s history.
• $58.7 Million Waterfront Redevelopment: In July 2026, construction began on the J.C. Lando Waterfront Redevelopment, a $58.7 million private investment along Wheeling’s waterfront planned to include a boutique hotel, private residences, restaurants, retail space, conference facilities, and public gathering areas.