27350 Lorain Rd - Fast Food FOR SALE
North Olmsted, OH 44070 |
27350 Lorain Rd
North Olmsted, OH 44070
HIGHLIGHTS
- Brand New 20-Year Absolute NNN Lease with Attractive 7.00% Rental Escalations Every 5 Years!
- DJ Steakburgers, LLC is an experienced/seasoned owner/operator of 13 Freddy’s locations (all back the performance of the lease) with 4 more developing
- Constructed to Freddy’s latest prototype with 9-car stack drive-thru - slated for opening date/rent commencement on November 2023 (est.)
- Excellent drive-by visibility/access on Lorain Rd (main East/West thoroughfare in North Olmstead) where traffic counts exceed 23,970 CPD!
- 2023 Population: 161,485 and 2023 Avg. Household Income: $125,497
FOR SALE DETAILS
PRICE
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CAP RATE
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% LEASED
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TENANCY
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BUILDING DETAILS
PROPERTY NAME
FREDDY’S FROZEN CUSTARD – NORTH OLMSTED, OH
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Fast Food
ADD'L SUBTYPES
Bank, Restaurant, Storefront
TOTAL BUILDING SIZE
2494
STORIES
1
YEAR BUILT
2024
SPRINKLERS
-
PARKING SPACES
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LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
232-12-012
