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FREDDY'S - GROVE CITY, OH 4264 Buckeye Pky

3,027 SF 100% Leased Retail Building Grove City, OH 43123 £2,414,914 (£798/SF) 6% Net Initial Yield

Investment Highlights

  • LONG -TERM LEASE - Brand new 20-year Absolute NNN lease with attractive 7% rental escalations every 5 years with four 5-year options to renew.
  • 6th largest Freddy’s franchisee in the U.S
  • HIGH TRAFFIC COUNTS/VISIBILITY - Positioned on a large ±1.158-acre lot, pad site to Target & Hobby Lobby Shopping Center
  • OPERATOR | TENANT - Ram-Z Custard, LLC owns & operates 69 locations, which include 34 Freddy’s restaurants
  • New, build-to-suit of Freddy’s latest prototype with Brick Construction with an impressive 16-car stack in drive-thru - slated to open December 2024
  • 2024 VERY AFFLUENT DEMOGRAPHICS: Total Population (5-MI): 134,210 | Average Household Income (1-MI): $118,064

Executive Summary

(Building & Land) Fee Simple

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,027 SF
Year Built
2024
Price
£2,414,914
Price Per SF
£798
Net Initial Yield
6%
NOI
£144,910
Percent Leased
100%
Number of Floors
1
Building FAR
0.06
Lot Size
1.16 AC
Zoning
C

Amenities

  • Restaurant
  • Signage
  • Drive Thru

Nearby Major Retailers

Bank of America
Starbucks
Red Robin Gourmet Burgers And Brews
Buffalo Wings & Rings
Citizens Bank
Olive Garden Italian Rstrnt
Bibibop Asian Grill
Chase Bank
Smokey Bones Bar & Fire Grill
Roosters
  • Listing ID: 34195756

  • Date on Market: 13/12/2024

  • Last Updated:

  • Address: 4264 Buckeye Pky, Grove City, OH 43123

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