1590 Norton Rd - Fast Food FOR SALE


Stow, OH 44224
$2,608,696 USD
614-754-1008
1590 Norton Rd, Stow, OH for Sale
$2,608,696 USD
Fast Food - FOR SALE
1/14
null | 5.75% Cap Rate

1590 Norton Rd
Stow, OH 44224


HIGHLIGHTS

  • New construction 25-year Absolute NNN Ground lease with 1.75% annual rent escalations running continuously throughout the initial 25-year term
  • Lease guaranteed by Pacific Bells, LLC, one of the largest Taco Bell franchisees in the U.S., which operates 311+ Taco Bell locations across 11 states
  • Property sits at a hard-corner, signalized intersection combining for 29,400 VPD, providing strong visibility and accessibility
  • Grocery-Anchored by Giant Eagle – Top-performing Giant Eagle within 15 miles and ranks in the top 10% of all Giant Eagle locations nationally
  • Direct proximity to Shoppes at Stow, generating an additional 355K+ annual visits and the top Valvoline location in the Akron MSA
  • Positioned within an emerging entertainment district anchored by The Amp, a 2,500-seat outdoor amphitheater currently under construction

OVERVIEW

Passov Group is pleased to present the opportunity to purchase Taco Bell in Stow, OH, comprising a newly constructed Taco Bell subject to an Absolute NNN Ground Lease with Pacific Bells, LLC, one of the largest Taco Bell franchisees in the United States. The Lease commenced in March 2026 with 24.6 Years remaining on the primary term with 1.75% Annual Rent Increases throughout the Lease Term and all five 5-year renewal options. The subject is located on 0.86 AC and improved with a 2,239 SF building at 1590 Norton Rd in Stow, Ohio. The property is offered at $2,608,696 (5.75% cap rate), reflecting $150,000 in Annual Base Rent. The Property is positioned at a hard-corner, signalized intersection with traffic counts of 29,400 VPD within an established retail node Grocery-Anchored by Giant Eagle, which generates 1M+ annual visits and $51M in annual sales, ranking #1 of 17 Giant Eagles within 15 miles and in the top 10% of the format nationally. Given this is a new construction asset subject to an Absolute NNN Ground Lease, the property requires zero deferred maintenance and offers investors a long runway before any capital investment is anticipated. The 1.75% Annual Rent Increases provide contractual income growth throughout the entire Lease Term, a meaningful distinction from the traditional 10% increases every five years commonly found across the NNN market. Pacific Bells operates 311+ Taco Bell locations across 11 states and has more than tripled its footprint since 2015. Stow's growth story is supported by significant nearby investment. The subject is directly adjacent to The Amp, a new 2,500-seat outdoor amphitheater currently under construction, and sits within a planned 50+ acre DORA district with direct access to a new trail spur connecting the 34- mile regional Bike & Hike Trail. Immediately north, Industrial Realty Group is redeveloping the 130-acre, 1.4M SF former JOANN Inc. corporate headquarters into Hudson District, a mixed-use corporate, distribution and retail campus. The surrounding employment base continues to expand as well. The Route 8 / Ohio Turnpike interchange industrial corridor has seen the recent delivery of 1.2M+ SF of speculative warehousing, with an additional 600,000 to 800,000 SF planned, adding to the daytime population and consumer demand supporting the corridor. The broader Akron MSA provides the macro foundation. Anchoring the 3.6M+ population Cleveland-Akron-Canton CSA, the market generated $47.3B in GDP in 2023 with 6.2% year-over-year growth and is home to two Fortune 500 headquarters. The region's economy is anchored by 1,200+ polymer-related companies and 42,000 workers, alongside a healthcare sector contributing ~20% of the economy. Combined with a cost of living 15% below the U.S. average, that diversification and affordability provide a durable foundation supporting long-term investment performance.

FOR SALE DETAILS

PRICE

$2,608,696 USD

PRICE/SF

$1,165 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Taco Bell

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2026

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.86 AC

LAND SF

37,462 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Alex Van KrevelPassov Real Estate GroupMore Info
614-754-1008

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Alex Van KrevelPassov Real Estate GroupMore Info
614-754-1008

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.