7685 Blake st - Restaurant FOR SALE


Liberty Township, OH 45069
$4,166,667 USD
781-776-4003
7685 Blake st, Liberty Township, OH for Sale
$4,166,667 USD
Restaurant - FOR SALE
1/5

7685 Blake st
Liberty Township, OH 45069


HIGHLIGHTS

  • New Construction
  • Zero Landlord Responsibilities
  • Scheduled Rent Increases
  • Dynamic Tenant
  • Outstanding Location
  • Strong Demographics

OVERVIEW

Horvath & Tremblay is pleased to present the opportunity to purchase a new construction single-tenant Firebirds located at 7685 Blake Street in Liberty Township, Ohio (the “Property”). Firebirds is currently under construction with an anticipated rent commencement date of April 1, 2025. Firebirds executed a 15-year Absolute NNN Ground Lease with four (4), 5-year renewal options. The lease features attractive 10% rent increases every five years throughout the primary lease term and at the start of each renewal option. Firebirds is adjacent to Liberty Way West and is shadow anchored by Liberty Center, a new construction lifestyle center that is home to luxury residential apartments, office space, a movie theater, and national and local retailers and restaurants. The Property is positioned on the perimeter of Liberty Center and is across the street from a Cabela’s and Chick-fil-A. Firebirds has outstanding visibility and frontage from Liberty Way, a primary commercial corridor, and is adjacent to Interstate 75. The Property is close to two area hospitals, the area’s elementary, middle, and high schools, several larger shopping centers, and new construction residential developments that drive traffic to the area and provide a built-in customer base.

FOR SALE DETAILS

PRICE

$4,166,667 USD

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Firebirds Wood Fired Grill | New Construction

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.15 AC

LAND SF

50,094 SF

ZONING

-

APN/PARCEL ID

D2020-311-000-008

ASK ABOUT THIS PROPERTY

Robert HorvathHorvath & TremblayMore Info
781-776-4003

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Robert HorvathHorvath & TremblayMore Info
781-776-4003

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