Burger King

1575 S Water St, Kent, OH 44240

Property Information

  • For Sale $1,218,500
  • Property Type Retail - Street Retail
  • Property Size 3,338 SF
  • Lot Size 1.02 Acre
  • Year Built 1970
  • Year Renovated 2024
  • Date Updated Jul 9, 2026

Description

Kent is a city in Portage County, Ohio, located in northeastern Ohio approximately 40 miles southeast of Cleveland and 15 miles northeast of Akron. Situated along the Cuyahoga River, Kent serves as a key educational, cultural, and economic center within the Akron–Cleveland corridor. At the 2020 census, the city had a population of approximately 27,800, while the broader Akron metropolitan area is home to more than 700,000 residents, providing access to a large regional labor force and consumer base. Kent’s economy is anchored by education, health care, manufacturing, technology, and professional services. The city is best known as the home of Kent State University, one of Ohio’s largest public universities, which enrolls tens of thousands of students across its campuses and serves as the city’s largest employer. The university is a major driver of economic activity, workforce development, research, and innovation, with nationally recognized programs in business, architecture, aeronautics, health sciences, and fashion. Downtown Kent serves as the city’s primary commercial and cultural hub, featuring a vibrant mix of retail, restaurants, entertainment venues, and professional offices. Significant public and private investment in recent years has transformed downtown into a walkable mixed-use district that attracts residents, students, and visitors alike. The downtown redevelopment has included new housing, hotels, office space, and streetscape improvements, further strengthening Kent’s appeal as a live-work-play destination. Health care is another major economic driver for the region, supported by nearby systems such as University Hospitals, Cleveland Clinic, and Summa Health, which provide extensive medical services and employment opportunities throughout northeastern Ohio. Kent’s location near major transportation routes, including Interstate 76 and State Route 43, provides convenient access to Cleveland, Akron, and other key Midwest markets. With its strong university presence, diversified employment base, revitalized downtown, and strategic location within a major regional corridor, Kent remains a dynamic and growing city in northeastern Ohio. Continued investment in education, infrastructure, and economic development positions Kent for sustained long-term growth..

Highlights

  • Absolute NNN Lease with ZERO Landlord Responsibilities
  • Attractive 7.25% Cap Rate with Immediate Cash Flow.
  • Established Burger King Location with Long Operating History
  • High-Visibility Signalized Corner Location - 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
  • 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.
  • 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

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