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1240 OH-303
Streetsboro, OH 44241

$2,440,000 USD

Fast Food For Sale  •  3,027 SF

Property Details

  • Property Type Fast Food
  • Total Building Size 3,170 SF
  • Lot Size 1.72 AC
  • Building Class C
  • Year Built 2021
  • Cap Rate 6.25 %
  • Tenancy Single
  • Zoning B
0 Transit Score
61 Walk Score

Highlights

LONG -TERM LEASE - 19 years remaining on Absolute NNN lease with attractive 7.50% rental escalations every 5 years with four 5-year options to renew
Ram-Z Custard, LLC owns & operates 74 locations, which include 39 Freddy’s restaurants, making it the 6th largest Freddy’s franchisee in US
Positioned on a large ±1.72-acre lot with an impressive 10-car stack drive-thru
HIGH TRAFFIC COUNTS/VISIBILITY - Pad site to a Target, Lowe’s & Giant Eagle Anchored Shopping Center with excellent visibility/access
Traffic counts of 58,609 CPD!
2024 VERY AFFLUENT DEMOGRAPHICS: Population: 47,603 & Average Household Income: $158,928

Property Flyers

Cap Rate: 6.25 %

Major Tenants

Tenant SF Occupied Lease End Date
Freddy's

Amenities

  • Restaurant
  • Signage
  • Drive Thru

Public Transportation

AirportDriveWalkDistance
Cleveland-Hopkins International 38 min - 34.8 mi
Akron-Canton Regional 38 min - 35.9 mi

Parking Details

Parking Available: Yes
Reserved: No
Type: Surface
Included in Rent: Yes
Kendall Carlsen 480-718-5555 Commercial Investment Advisors, INC
Kendall Carlsen 480-718-5555 Commercial Investment Advisors, INC