1175 S Arlington St
Akron, OH 44306
East Akron
HIGHLIGHTS
- Long Term Absolute NNN Lease – At closing, the Tenant will execute a 15 Year Absolute NNN lease, with 10% increases every 5 years
- Established Franchisee – Franchisee has been in the Burger King Business since 1959 - owning 13 restaurants with the family company
- Strong Retail Corridor – Located on S Arlington Street, the signalized intersection sees ±17,000 VPD.
- Local Traffic Drivers – The property is surrounded by significant daytime traffic and multiple apartment communities such as Hillwood Apartments
- Store Front Renovation – Renovation in 2021.
- Strong Sales – The Sale Leaseback Rental figure is based on an 8.5% Rent-to-Sales Ratio for the trailing three years.
FOR SALE DETAILS
PRICE
$2,643,000 USD
PRICE/SF
$669 USD /SF
CAP RATE
5.95%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Burger King
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Fast Food
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1986
SPRINKLERS
-
PARKING SPACES
40
LAND DETAILS
LAND ACRES
1.19 AC
LAND SF
52,045 SF
ZONING
-
APN/PARCEL ID
67-56805
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216-503-3610
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216-503-3610
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