Log In/Sign Up
Your email has been sent.
Freddy's Frozen Custard - Akron, OH 863 E Arlington Rdg 2,600 SF Retail Building Akron, OH 44312 $2,068,965 ($795.76/SF) 7.25% Cap Rate
INVESTMENT HIGHLIGHTS
- For two consecutive years, Site Selection Magazine ranked Akron #2 among metros with populations of 200,000 to 1 million for new business expansions.
- 7.5% rent increases every five years and at each three, 5-year option.
- Located conveniently off S Arlington Road, which sees over 26,000 VPD.
- Strength in a reliable tenant with a personal guarantee and OH Steakburgers, LLC guarantee.
- Freddy's Frozen Custard & Steakburgers is a leading fast-casual franchise concept with more than 500 locations across 36 states in the U.S.
- National surrounding retailers in the immediate area include Target, Taco Bell, Chipotle, Five Guys, Wendy's, Burger King, Bob Evans, and more.
EXECUTIVE SUMMARY
We are pleased to exclusively offer for sale the 2,600 SF Freddy’s Frozen Custard located at 863 Arlington Ridge E in Akron, OH. This deal includes 7.5% rent increases every five years and at each five-year option, providing long-term income growth and stability.
In Cooperation With ParaSell, Inc., A Licensed Ohio Broker - Lic. #REC.2020005946 BoR: Scott Reid - Lic. OH #BRKP.2020001224
In Cooperation With ParaSell, Inc., A Licensed Ohio Broker - Lic. #REC.2020005946 BoR: Scott Reid - Lic. OH #BRKP.2020001224
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
2,600 SF
Building Class
B
Year Built
2019
Price
$2,068,965
Price Per SF
$795.76
Cap Rate
7.25%
NOI
$150,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.00 AC
Frontage
229’ on Arlington Ridge East
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Freddy's Frozen Custard
- Accommodation and Food Services
- 2,600 SF
- $57.69
- Triple Net
- Nov 2040
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Freddy's Frozen Custard | Accommodation and Food Services | 2,600 SF | $57.69 | Triple Net | Nov 2040 |
NEARBY MAJOR RETAILERS
Fifth Third Bank
PROPERTY TAXES
| Parcel Number | 28-15911 | Improvements Assessment | $1,337 |
| Land Assessment | $29,750 | Total Assessment | $31,087 |
PROPERTY TAXES
Parcel Number
28-15911
Land Assessment
$29,750
Improvements Assessment
$1,337
Total Assessment
$31,087
1 of 4
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Freddy's Frozen Custard - Akron, OH | 863 E Arlington Rdg
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.