910 S Main St - Fast Food FOR SALE


Englewood, OH 45322
$3,083,300 USD
502-442-7079
910 S Main St, Englewood, OH for Sale
$3,083,300 USD
Fast Food - FOR SALE
1/5
null | 6% Cap Rate

910 S Main St
Englewood, OH 45322


HIGHLIGHTS

  • Brand New 20-Year Lease | Options To Extend | Scheduled Increases | Well Known & Established Brand | Experienced Operator
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Retail Corridor | Northmont Plaza Shopping Center (1.3M+ Visits) |Near Interstate-70 (67,200 VPD) | Direct Consumer Base
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, freestanding, Freddy’s investment property located in Englewood, Ohio. The tenant, Ram-Z Restaurant Group, recently signed a brand new 20 year lease with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 7.5% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor. Ram-Z Restaurant Group is a leading second generation operator in the Midwest. The guarantor successfully operates 33 Freddy’s and 34 Schlotzsky’s locations and is rapidly growing its prowess as it is currently the largest Schlotzsky’s operator and in the top five Freddy’s operators nationwide. Freddy’s Frozen Custard & Steakburgers is a leading fast-casual franchise concept with more than 500 locations across 36 states nationwide.

FOR SALE DETAILS

PRICE

$3,083,300 USD

PRICE/SF

$1,106 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Freddy's | New 20yr Abs NNN w/ Incrs

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

31

LAND DETAILS

LAND ACRES

1.25 AC

LAND SF

54,450 SF

ZONING

C-3

APN/PARCEL ID

M57-00601-0146

ASK ABOUT THIS PROPERTY

Sarah ShanksSRS National Net LeaseMore Info
502-442-7079

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Sarah ShanksSRS National Net LeaseMore Info
502-442-7079

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