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FREDDY'S - STREETSBORO, OH 1240 OH-303

3,170 SF Retail Building Streetsboro, OH 44241 £2,320,235 (£732/SF) 6% Net Initial Yield

Investment Highlights

  • LONG -TERM LEASE - Brand new 20-year Absolute NNN lease with attractive 7.50% rental escalations every 5 years with four 5-year options to renew
  • Positioned on a large ±1.72-acre lot with an impressive 10-car stack drive-thru
  • Traffic counts of 58,609 CPD!
  • Ram-Z Custard, LLC owns & operates 69 locations, which include 34 Freddy’s restaurants, making it the 6th largest Freddy’s franchisee in US
  • HIGH TRAFFIC COUNTS/VISIBILITY - Pad site to a Target, Lowe’s & Giant Eagle Anchored Shopping Center with excellent visibility/access
  • 2024 VERY AFFLUENT DEMOGRAPHICS: Population: 47,603 & Average Household Income: $155,240

Executive Summary

(Building & Land) Fee Simple

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,170 SF
Building Class
C
Year Built
2021
Price
£2,320,235
Price Per SF
£732
Net Initial Yield
6%
NOI
£139,198
Tenancy
Single
Number of Floors
1
Building FAR
0.04
Lot Size
1.72 AC
Zoning
C
Frontage
261 ft on Ohio 14

Amenities

  • Restaurant
  • Signage
  • Drive Thru

Links

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Nearby Major Retailers

Applebee's
KeyBank
Bob Evans
Chase Bank
Huntington National Bank
Powerhouse Gym
Snap Fitness 24/7
Giant Eagle
Starbucks
Planet Fitness
(402) 730-6021

Contact

  • Listing ID: 34225845

  • Date on Market: 17/12/2024

  • Last Updated:

  • Address: 1240 OH-303, Streetsboro, OH 44241

The Retail Property at 1240 OH-303, Streetsboro, OH 44241 is currently available for sale. Contact Commercial Investment Advisors, INC for more information.

Nearby Listings

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© 2024 CoStar Group

FREDDY'S - STREETSBORO, OH | 1240 OH-303
(402) 730-6021 x

FREDDY'S - STREETSBORO, OH | 1240 OH-303

Kendall Carlsen

(402) 730-6021

(402) 730-6021

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