1240 OH-303 - Fast Food FOR SALE
Streetsboro, OH 44241 |
$2,917,000 USD
602-770-7145
1240 OH-303
Streetsboro, OH 44241
HIGHLIGHTS
- LONG -TERM LEASE - Brand new 20-year Absolute NNN lease with attractive 7.50% rental escalations every 5 years with four 5-year options to renew
- Ram-Z Custard, LLC owns & operates 69 locations, which include 34 Freddy’s restaurants, making it the 6th largest Freddy’s franchisee in US
- Positioned on a large ±1.72-acre lot with an impressive 10-car stack drive-thru
- HIGH TRAFFIC COUNTS/VISIBILITY - Pad site to a Target, Lowe’s & Giant Eagle Anchored Shopping Center with excellent visibility/access
- Traffic counts of 58,609 CPD!
- 2024 VERY AFFLUENT DEMOGRAPHICS: Population: 47,603 & Average Household Income: $155,240
FOR SALE DETAILS
PRICE
$2,917,000 USD
PRICE/SF
$964 USD /SF
CAP RATE
6%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
FREDDY'S - STREETSBORO, OH
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Fast Food
ADD'L SUBTYPES
Bank, Restaurant, Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2021
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
1.72 AC
LAND SF
74,749 SF
ZONING
C
APN/PARCEL ID
35-055-00-00-039-011
ASK ABOUT THIS PROPERTY
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602-770-7145
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602-770-7145
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