863 E Arlington Rdg
Akron, OH 44312
Freddy's Frozen Custard · Retail Property For Sale

Capital Pacific is pleased to present the opportunity to acquire Freddy’s in Akron, Ohio. The subject property is a new construction drive-thru restaurant and features a 15- year absolute NNN lease. Additionally, the lease includes three 5-year options to extend the lease term, and features 7.5% rent increases every 5 years, throughout the base and option periods. The lease is secured by a personal guaranty from an established Freddy’s operator (OH Steakburgers, LLC) with significant financial backing. Freddy’s Frozen Custard & Steakburgers is a national chain of casual restaurants with more than 300 locations across 32 states. The freestanding property enjoys tremendous visibility and curb appeal just off S. Arlington Road, which sees 25,612 VPD and connects to Highway 77, which carries over 108,985 VPD past the property. The area is anchored by large national retailers including Target, Lowe’s, Walmart, and numerous car dealerships, and is directly adjacent to three nationally flagged hotels, all of which significantly increases traffic and benefits the tenant. Within 3 miles of the property there are over 26,000 residents with average household incomes of $84,555.