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Arby's - Fairlawn, OH 4100 Medina Rd 2,307 SF Retail Building Akron, OH 44333 $2,321,428 ($1,006.25/SF) 5.60% Cap Rate
INVESTMENT HIGHLIGHTS
- Long-Term Absolute NNN Ground Lease - 12+ years remaining with zero landlord responsibilities and 4 (5-year) renewal options
- Inflation Protection - Rent is scheduled to increase 8% every 5 years, including options
- Densely Populated and Affluent Trade Area - 63,000 residents within 5 miles with an average household income of approximately $154,800
- Brand New 2023 Construction - Most recent Arby’s prototype building with doube drive-thru accessibility and ample parking
- Rare Corporate Lease - RTM Operating Company, LLC, operating ~3,400 locations nationwide
- Strong Traffic / Excellent Visibility - Located on Medina Road (37,894 VPD) at the on-ramp to I-77 (75,508 VPD)
PROPERTY FACTS
AMENITIES
- Signage
- Drive Thru
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Accommodation and Food Services
- 2,307 SF
- -
- Triple Net
- Mar 2038
The Arby's brand purpose is Inspiring Smiles Through Delightful Experiences™. Arby's delivers on its purpose by celebrating the art of Meatcraft® with a variety of high-quality proteins and innovative, crave-able sides, such as Curly Fries and Jamocha shakes. Arby's Fast Crafted® restaurant services feature a unique blend of quick-serve speed combined with the quality and made-for-you care of fast casual. Arby's Restaurant Group, Inc. is the franchisor of the Arby's Brand and is part of the Inspire Brands family of restaurants headquartered in Atlanta, Ga. Arby’s, founded in 1964, is a leading sandwich drive-thru restaurant brand with restaurants globally.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Accommodation and Food Services | 2,307 SF | - | Triple Net | Mar 2038 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 15-00956 | Improvements Assessment | $322,609 |
| Land Assessment | $78,897 | Total Assessment | $401,506 |
PROPERTY TAXES
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Arby's - Fairlawn, OH | 4100 Medina Rd
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