26324 Lorain Rd | North Olmsted, OH 44070
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- LoopNet Team
26324 Lorain Rd
North Olmsted, OH 44070
Arby’s Corp Abs NNN | New-Const. 15 Yr Lease · Retail Property For Sale
Investment Highlights
- Brand-New Construction Arby’s 15-Year Ground Lease in North Olmsted, OH
- Relocation & Franchisee-to- Corporate Transition of Arby’s Store #4 (In Operation Since the 1960’s on Adjacent Lot)
- 10% Rent Increases Every 5 Years of Primary Term & In Each Option
- 44,900 Cars/Day at Signalized Intersection of Lorain/Brookpark Roads
- True Abs NNN Lease with ZERO Landlord Responsibilities – Tenant Maintains All Capital Items, Pays Taxes Direct, Carries All Insurance, etc.
- Full Corporate Guaranty from Arby’s Restaurant Group, Inc.; Corporately-Owned RTM Operating Company, LLC Lessee Entity
Property Facts
Property Type
Retail
Property Subtype
Building Size
2,332 SF
Building Class
C
Year Built
2023
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.68 AC
Zoning
Commercial
Parking
20 Spaces (3.11 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
Property Taxes
| Parcel Number | 232-28-025 | Improvements Assessment | $250,180 |
| Land Assessment | $145,040 | Total Assessment | $395,220 |
Property Taxes
Parcel Number
232-28-025
Land Assessment
$145,040
Improvements Assessment
$250,180
Total Assessment
$395,220
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