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FREDDY'S (74 UNIT GUARANTY)- AMELIA, OH 3792 Waterford Pky 3,644 SF Retail Building Amelia, OH 45102 $2,440,000 ($669.59/SF) 6.25% Cap Rate
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
- 6th largest Freddy’s franchisee in the U.S
- Traffic counts of 29,573 CPD!
- OPERATOR | TENANT - Ram-Z Custard, LLC owns & operates 75 locations, which include 39 Freddy’s restaurants
- HIGH TRAFFIC COUNTS/VISIBILITY - Positioned on a large ±1.0-acre lot with great access/visibility on Ohio Pike
- 2024 VERY AFFLUENT DEMOGRAPHICS: Population: 92,790 & Average Household Income: $104,112
EXECUTIVE SUMMARY
Brand new 20-year absolute NNN lease with attractive 7.5% rental escalations every 5 years with four 5-year options to renew.
In Association with Designated Broker:
Brian Brockman – Broker
License #: BRK.2009000214
Bang Realty, Inc
bor@bangrealty.com
513-898-1551
In Association with Designated Broker:
Brian Brockman – Broker
License #: BRK.2009000214
Bang Realty, Inc
bor@bangrealty.com
513-898-1551
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
3,644 SF
Building Class
C
Year Built
2015
Price
$2,440,000
Price Per SF
$669.59
Cap Rate
6.25%
NOI
$152,500
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
1.00 AC
Zoning
C - Commercial
Parking
56 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
205’ on Waterford Parkway
AMENITIES
- Restaurant
- Signage
- Drive Thru
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Freddy's Frozen Custard
- Accommodation and Food Services
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Freddy's Frozen Custard | Accommodation and Food Services | - | - | - |
NEARBY MAJOR RETAILERS
Fifth Third Bank
PROPERTY TAXES
| Parcel Number | 41-31-12B-287 | Improvements Assessment | $0 |
| Land Assessment | $15,400 | Total Assessment | $15,400 |
PROPERTY TAXES
Parcel Number
41-31-12B-287
Land Assessment
$15,400
Improvements Assessment
$0
Total Assessment
$15,400
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FREDDY'S (74 UNIT GUARANTY)- AMELIA, OH | 3792 Waterford Pky
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