Absolute NNN leased Burger King located in Cleveland, Ohio. The operator and lease guarantor at the location is Carrols Corp out of Syracuse, New York. Carrols Corp is the largest Burger King franchisee and currently operates over 300 BK locations. The existing lease has 10.5 years left on the initial term with one percent annual rent increases. The lease is absolute NNN with the tenant responsible for all operating expenses and responsibilities at the property. This deal offers a management-free investment for a purchaser.

The subject property is located within the Detroit Shoreway Neighborhood of Cleveland. This neighborhood has been labeled one of the "up & coming" areas within Cleveland city limits. There are several brand-new condominium projects that have been built recently or are currently in the works. The area has seen growth in the opening of many new eclectic restaurants and shops.

The property is located at the signalized intersection of Lake & Detroit Avenues. Detroit Avenue is a major east-west artery running through Cleveland's western suburbs. The area is known for excellent population density as over 20,000 people reside within one mile of the subject property.