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1175 S Arlington St
Akron, OH 44306 East Akron

$2,643,000 USD

Fast Food For Sale  •  3,950 SF

Property Details

  • Property Type Fast Food
  • Total Building Size 3,950 SF
  • Lot Size 1.19 AC
  • Building Class B
  • Year Built 1986
  • Cap Rate 5.95 %
  • Tenancy Single
32 Transit Score
72 Walk Score

Highlights

Long Term Absolute NNN Lease – At closing, the Tenant will execute a 15 Year Absolute NNN lease, with 10% increases every 5 years
Established Franchisee – Franchisee has been in the Burger King Business since 1959 - owning 13 restaurants with the family company
Strong Retail Corridor – Located on S Arlington Street, the signalized intersection sees ±17,000 VPD.
Local Traffic Drivers – The property is surrounded by significant daytime traffic and multiple apartment communities such as Hillwood Apartments
Store Front Renovation – Renovation in 2021.
Strong Sales – The Sale Leaseback Rental figure is based on an 8.5% Rent-to-Sales Ratio for the trailing three years.
Cap Rate: 5.95 %

Major Tenants

Tenant SF Occupied Lease End Date
Burger King

Amenities

  • Bus Line
  • Signage
  • Drive Thru

Public Transportation

Commuter RailDriveWalkDistance
Akron Northside (National Park Scenic Railway - Cuyahoga Valley Scenic Railroad) 10 min - 4.7 mi
Big Bend (National Park Scenic Railway - Cuyahoga Valley Scenic Railroad) 18 min - 8.0 mi
AirportDriveWalkDistance
Akron-Canton Regional 16 min - 11.3 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 40
Type: Surface
Included in Rent: Yes
Jonah Yulish 216-503-3610 Matthews Real Estate Investment Services
Jonah Yulish 216-503-3610 Matthews Real Estate Investment Services