4296 Kent Rd - Restaurant FOR SALE


Stow, OH 44224
$3,556,000 USD
646-805-1438
4296 Kent Rd, Stow, OH for Sale
$3,556,000 USD
Restaurant - FOR SALE
1/6
null | 6.75% Cap Rate

4296 Kent Rd
Stow, OH 44224


HIGHLIGHTS

  • 7.5+ Years Remaining | Extension Options | 7.5% Rental Increases | Strong Franchisee Guaranty (440 Units)
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Prime Retail Node | Adjacent To Major Power Center
  • Signalized, Hard Corner Intersection | Strong Visibility & Access
  • Kent State University (25,000+ Students)
  • Direct Residential Consumer Base | Strong Demographics In 5-Mile Trade Area

OVERVIEW

SRS National Net Lease Group, LP is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN-leased Applebee’s property located in Stow, Ohio. The lease is guaranteed by Apple American Group LLC, the largest Applebee’s franchisee in the U.S., operating over 440 units and backed by Flynn Restaurant Group LP, one of the world’s largest franchise operators. With more than 7.5 years of term remaining and (2) five-year renewal options, the lease offers long-term income stability. Scheduled 7.5% rental increases every five years and at the beginning of each option period provide built-in NOI growth and a natural hedge against inflation. The absolute NNN structure, with zero landlord responsibilities, makes this an ideal, management-free investment for passive or out-of-state investors.

FOR SALE DETAILS

PRICE

$3,556,000 USD

PRICE/SF

$659 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Applebee's

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1996

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.24 AC

LAND SF

54,014 SF

ZONING

C4

APN/PARCEL ID

56-16366

ASK ABOUT THIS PROPERTY

Michael GrunbergSRS National Net LeaseMore Info
646-805-1438

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Michael GrunbergSRS National Net LeaseMore Info
646-805-1438

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