4660 Northfield Rd
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4660 Northfield Rd
2,128 SF Retail Building North Randall, OH 44128 £1,239,857 (£583/SF) 5.25% Net Initial Yield
Executive Summary
ABSOLUTE NNN LEASE: There are zero Landlord responsibilities making it a great
opportunity for passive investors
LONG-TERM LEASE: Over 20 years left in the initial term, providing secured long- term passive income
LOW RENT: Rents are replaceable and below market
ATTRACTIVE OPTIONS AND INCREASES: Six(6) x Five(5) year options to extend
the lease and 10% rental increases every 5 years
OVER-SIZED PARCEL AND DRIVE-THRU LANES: The parcel is .98 acres, which is large for a QSR property. The building is equipped with a drive-thru which has proven to increase profitability. Additionally, drive-thru service is open late until 3am
STRONG DEMOGRAPHICS: This asset enjoys a dense five mile population of over
214,000 residences
STRATEGIC LOCATION: The site is ideally situated in front of an 855,000 SF Amazon Fullfilment Center — employing over 2,000 fulltime employees and operating 24 hours a day, 7 days a week. Down the street from the site is Jack Thistledown Casino (ranked in the top 99% for Hotel and Casino nationwide per Placer.ai) which enjoys over 1,300,000 annual visitors. The location is surrounded by nation's largest retailers such as ALDI, Sherwin-Williams, Burger King, etc.
opportunity for passive investors
LONG-TERM LEASE: Over 20 years left in the initial term, providing secured long- term passive income
LOW RENT: Rents are replaceable and below market
ATTRACTIVE OPTIONS AND INCREASES: Six(6) x Five(5) year options to extend
the lease and 10% rental increases every 5 years
OVER-SIZED PARCEL AND DRIVE-THRU LANES: The parcel is .98 acres, which is large for a QSR property. The building is equipped with a drive-thru which has proven to increase profitability. Additionally, drive-thru service is open late until 3am
STRONG DEMOGRAPHICS: This asset enjoys a dense five mile population of over
214,000 residences
STRATEGIC LOCATION: The site is ideally situated in front of an 855,000 SF Amazon Fullfilment Center — employing over 2,000 fulltime employees and operating 24 hours a day, 7 days a week. Down the street from the site is Jack Thistledown Casino (ranked in the top 99% for Hotel and Casino nationwide per Placer.ai) which enjoys over 1,300,000 annual visitors. The location is surrounded by nation's largest retailers such as ALDI, Sherwin-Williams, Burger King, etc.
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,128 SF
Building Class
B
Year Built
2019
Price
£1,239,857
Price Per SF
£583
Net Initial Yield
5.25%
NOI
£65,092
Tenancy
Single
Number of Floors
1
Building FAR
0.05
Land Acres
0.98 AC
Opportunity Zone
Yes
Zoning
Commercial
PROPERTY TAXES
| Parcel Number | 771-08-015 | Improvements Assessment | £298,408 |
| Land Assessment | £122,721 | Total Assessment | £421,129 |
PROPERTY TAXES
Parcel Number
771-08-015
Land Assessment
£122,721
Improvements Assessment
£298,408
Total Assessment
£421,129
-
Gary Broidis -
Rafi Chambasian -
Sean Lunt -
Atlantic Commercial Group
(561) 447-8610
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4660 Northfield Rd
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