The subject property is located on a 6.20 acre lot with immediate access to E Waterloo Rd and Massillon Rd with 49,500+ combined traffic counts. The lease is a new 10-year Absolute NNN lease with no landlord responsibilities, 2% annual increases and two-5 year renewal options. The lease offers a strong personal guaranty with over $8.5MM net worth.
The subject property has a 2022 environmental site assessment and property condition report. The Tenant historically has $7-8MM top line revenue per year. Affluent demographics with 1-mile average household income of $75,000+ and population of 148,000+ in 5 mile radius.
The property is within a 2 mile radius of several national retailers such as McDonald’s, Arby’s, Chipotle, ALDI, Advance Auto Parts, O’Reilly Auto Parts, and more. The subject property is nearby several residential apartments with over 950 units in a 3 mile radius and is directly across from Akron Fulton Airport, servicing more than 686,000 annual passengers. The site has permitted use for the retail sale if commercial trailers, parts, and service..
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