Burger King
1575 S Water St, Kent, OH 44240
Key features
- Absolute NNN Lease with ZERO Landlord Responsibilities
- Attractive 8.00% Cap Rate with Immediate Cash Flow.
- Established Burger King Location with Long Operating History
- Low Occupancy Cost with below-market rent and an exceptionally low price per square foot, the site's occupancy cost is easily supportable and highly replaceable for Burger King or a future drive-thru operator long term.
- Positioned along S Water Street (16,645 VPD) near State Route 261 (12,915 VPD), the property offers excellent visibility and convenient access within a heavily traveled retail corridor
- Strategically Located Near Kent State University - The property benefits from proximity to Kent State University, one of Ohio’s largest public universities, driving consistent traffic from students, faculty, and surrounding residents
- Surrounded by National Retailers - Located in an established retail trade area surrounded by national tenants including; Chase Bank, CVS Pharmacy, McDonald's, Subway, Starbucks, Wendy's, Walgreens, AutoZone, and O'Reilly Auto Parts
Building Details
- For Sale $1,104,000
- Property Type Retail - Street Retail
- Property Size 3,338 SF
- Lot Size 1.02 Acre
- Additional Rent Price on request
- Year Built 1970
- Year Renovated 2024
- Date Updated Nov 7, 2026
Reach out to the broker for more info on lease terms and amenities
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Contacts
Encore Real Estate Investment Services
Location
- City Kent, OH
- Zip Code 44240
- Market Cleveland Akron
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Walk score 61/100 Somewhat Walkable
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Bike score 45/100 Somewhat Bikeable
Points of Interest
Akron Northside
8.97 miles
Rides 4 Less
9.62 miles
Gulf
0.67 miles
BP
1.47 miles
Sheetz
1.52 miles
Circle K
1.65 miles
Shell
1.80 miles
Sunoco
1.88 miles
Marathon
1.97 miles
Speedway
2.22 miles
Tom S. Cooperrider-Kent Bog State Nature Preserve Parking Lot
0.55 miles
C
0.64 miles
Greek Village
0.69 miles
Campus Center East
0.70 miles
Allerton Sport and Adventure Complex Parking
0.72 miles
Visitor Parking
0.73 miles
C Campus Center West
0.74 miles
R-30
0.74 miles
Metered Parking
0.74 miles
State Vehicle Parking
0.75 miles
Marc's
0.14 miles
University Plaza
0.32 miles
Save-A-Lot
0.35 miles
Eastway Market
1.08 miles
Kent International Home Markets
1.13 miles
Munchies Market
1.14 miles
Acme Fresh Market
1.77 miles
Discount Drug Mart
1.78 miles
Acme
2.77 miles
Meijer
2.85 miles
Listing Summary
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Property Financials 1575 S Water St is currently listed for sale at $1,104,000 for a price per square foot of $330.74.
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Property Details 1575 S Water St totals 3,338 square feet of Retail space on a lot spanning 1.02 acres. The property was initially built in 1970, being last renovated in 2024.
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Area Characteristics In terms of ease of commuting, the area has a walk score of 61, indicating that it is somewhat walkable.
Encore Real Estate Investment Services