426 E State St - Fast Food FOR SALE


Fremont, OH 43420
$299,867 USD
704-697-1900
426 E State St, Fremont, OH for Sale
$299,867 USD
Fast Food - FOR SALE
1/4
null | 6% Cap Rate

426 E State St
Fremont, OH 43420


HIGHLIGHTS

  • Bite Size Deal
  • Zero Landlord Responsibility
  • Strategic Location

OVERVIEW

Proven and Fast Growing Brand - Biggby Coffee currently has over 300 locations in the US - Biggby was named fastest growing coffee chain in America by CNBC in 2011 Attractive Lease Fundamentals - 10% rental increases ever 5 years including option - Three (3) - five (5) year options - Zero LL responsibilities New Construction - 2022 Construction - New prototype, drive through only Biggby Coffee Strategic Location - Positioned on Fremont’s main commuter and commercial corridor, E. State St (12K VPD) - Only drive through coffee location on the eastern side of the River, providing immediate market share - Approximately 8.8k people live in a 1-mile radius Nearby Industrial Employers (Built In Customer Base) - Less than 2-miles to Crown Battery’s 215k SF manufacturing facility and Kraft Heinz 403K SF Manufacturing and Distribution Facility - Over 2.8MSF of Industrial Space is located within a two mile radius Bite Size Deal - Low ground rent provides cheap basis in the Real Estate

FOR SALE DETAILS

PRICE

$299,867 USD

PRICE/SF

$609 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Biggby Coffee

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2022

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.5 AC

LAND SF

21,780 SF

ZONING

Commercial

APN/PARCEL ID

34-50-00-0481-00

ASK ABOUT THIS PROPERTY

David HoppeAtlantic Capital PartnersMore Info
704-697-1900

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David HoppeAtlantic Capital PartnersMore Info
704-697-1900

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