Retail Space
2715 Market Street Warren, PA 16365
Details & Description
Price: $1,152,400
    SRS National Net Lease Group is pleased to present the rare opportunity to acquire Burger King, an absolute NNN ground leased, investment property located in Warren, Pennsylvania. The tenant, Burger King, recently exercised their first option period showing their commitment to the site. There are just under 4 years remaining on the current term followed by 3 additional (5-year) option periods remaining. The lease features 10% rent increases at the beginning of each option period. The lease is franchise guaranteed by one of the world’s largest Burger King operators, Carrols Restaurant Group, and is absolute NNN with zero landlord responsibilities.
    Property ID:    253446
    Property URL: melqr.com/253446
    Generated:    04-26-24
    Listing Agents
    Dan Elliott

    O: 312-279-5342
    dan.elliot@srsre.com
    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.
    Retail Space / Pennsylvania / Warren / 16365 / 2715 Market Street

    2715 Market Street

    Warren, PA 16365

    Listing ID: 253446
    Print Single-Page Version
    • 2715 Market Street Warren, PA 16365 | for Sale | Photo 1
    • 2715 Market Street Warren, PA 16365 | for Sale | Photo 2
    • 2715 Market Street Warren, PA 16365 | for Sale | Photo 3
    2715 Market Street | for Sale | Thumbnail 1
    2715 Market Street | for Sale | Thumbnail 2
    2715 Market Street | for Sale | Thumbnail 3
    Building Size: 3,000 SF
    Lot Size: 1.260 AC
    Land Size: 54,885 SF
    Building $/SF: $384.13
    Land $/SF: $21.00
    Price
    $1,152,400
    Description

    SRS National Net Lease Group is pleased to present the rare opportunity to acquire Burger King, an absolute NNN ground leased, investment property located in Warren, Pennsylvania. The tenant, Burger King, recently exercised their first option period showing their commitment to the site. There are just under 4 years remaining on the current term followed by 3 additional (5-year) option periods remaining. The lease features 10% rent increases at the beginning of each option period. The lease is franchise guaranteed by one of the world’s largest Burger King operators, Carrols Restaurant Group, and is absolute NNN with zero landlord responsibilities.

    Points of Interest & Demographic Radii

    Points of Interest
    Demographic Radii
    POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
     

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    Warren Area Market Trends

    Listing Demographics for 2715 Market Street Warren, PA 16365

    All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

    1-Mile 3-Miles 5-Miles
    Total Population1,22810,87117,645
    Population Median Age434445
    Population by Age0-9 Yrs111 (9%)1001 (9%)1671 (9%)
    10-19 Yrs86 (7%)1151 (10%)1785 (10%)
    20-29 Yrs291 (23%)1415 (13%)1953 (11%)
    30-39 Yrs75 (6%)1122 (10%)1819 (10%)
    40-49 Yrs127 (10%)1222 (11%)2099 (11%)
    50-59 Yrs161 (13%)1613 (14%)2694 (15%)
    60-69 Yrs206 (16%)1631 (15%)2809 (15%)
    70+ Yrs171 (13%)1717 (15%)2816 (15%)
    Median HH Income$51,513$44,596$48,798
    Total Household Income< 24K97 (18%)1301 (26%)1850 (22%)
    25-49K154 (29%)1463 (29%)2252 (27%)
    50-74K111 (21%)883 (17%)1579 (19%)
    75-99K69 (13%)542 (10%)1006 (12%)
    100-199K87 (16%)665 (13%)1156 (14%)
    200K+1 (0%)119 (2%)202 (2%)
    Highest Education LevelNo Diploma39460741
    Diploma or GED39134005518
    Some College19314032385
    Assoc. Degree1098861506
    Bachelors Degree10113512143
    Higher Degree396181070
    Total Housing Units6335,6829,122
    --Owner-Occupied4253,1755,557
    --Renter-Occupied941,7972,488
    Owner-Occupied Values< 100K26217842971
    100-199K1459531771
    200-299K14274539
    300-399K286147
    400-499K12038
    500K+16091
    Total Working Age Population1,0719,24514,935
    In Work Force6425,3598,793
    Not In Work Force4283,8866,142
    Workforce Employed6405,1748,477
    Workforce Unemployed2186316
    Civlian Workforce6425,3598,793
    Military Workforce000
    Total Households5194,9728,045
    Family Households3532,7844,706
    Non-Family Households1662,1873,339
    Married Couple2402,1403,701
    Other Family1136451,005
    Married w/Child486771,062
    Single Male w/Child25119190
    Single Female w/Child31264370

    Population Change Last Two Decades - Plus Projection

    2000%2010%2020%2030
    Pennsylvania12,281,054+312,702,379+413,230,170+413,759,594
    Warren County43,863-541,815-340,605-339,459

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    Common Questions and Answers

    What is the asking price for 2715 Market Street in Warren?
    The asking price for 2715 Market Street is $1,152,400
    What is the building size of this Retail property in Warren, PA?
    The size of the building/unit at 2715 Market Street in Warren is 3,000 square feet
    How much land does the Warren, PA property at 2715 Market Street include?
    2715 Market Street in Warren includes 1.260 acres of land
    What kind of Retail is the propery at 2715 Market Street?
    The property at 2715 Market Street Warren, PA 16365 is listed as a Food Service Retail property
    What is the population within 1 mile of 2715 Market Street in Warren?
    The population within 1 mile of 2715 Market Street Warren, PA 16365 is 1,228 people.
    Who do I contact for questions about 2715 Market Street?
    You should contact the listing agent, Dan Elliott, for any details regarding this commercial listing.

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    Closest Commercial Airports

    Airport Distance (mi)
    Erie International Tom Ridge Field (ERI) 54
    Buffalo Niagara International Airport (BUF) 76
    Pittsburgh International Airport (PIT) 111
    Price
    $1,152,400
    Listing Agent
    Dan Elliott - CRE Agent at

    Dan Elliott

    SRS Chicago

    VIEW AGENT PROFILE

    CONTACT AGENT

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