863 E Arlington Rdg - Fast Food FOR SALE
Akron, OH 44312 |
$2,068,965 USD
512-528-3122
863 E Arlington Rdg
Akron, OH 44312
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.
- Strength in a reliable tenant with a personal guarantee and OH Steakburgers, LLC guarantee.
- 7.5% rent increases every five years and at each three, 5-year option.
- Freddy's Frozen Custard & Steakburgers is a leading fast-casual franchise concept with more than 500 locations across 36 states in the U.S.
- Located conveniently off S Arlington Road, which sees over 26,000 VPD.
- National surrounding retailers in the immediate area include Target, Taco Bell, Chipotle, Five Guys, Wendy's, Burger King, Bob Evans, and more.
OVERVIEW
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
FOR SALE DETAILS
PRICE
$2,068,965 USD
PRICE/SF
$796 USD /SF
CAP RATE
7.25%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Freddy's Frozen Custard - Akron, OH
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Fast Food
ADD'L SUBTYPES
Restaurant
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2019
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
1 AC
LAND SF
43,560 SF
ZONING
-
APN/PARCEL ID
28-15911
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512-528-3122
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512-528-3122
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