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130 W State St
Alliance, OH 44601 Alliance

$2,966,309

Fast Food For Sale  •  2,719 Sq Ft

Property Details

  • Property Type Fast Food
  • Total Building Size 2,719 Sq Ft
  • Lot Size 1.08 ac
  • Building Class B
  • Cap Rate 5.50 %
0 Transit Score
79 Walk Score

Description

Optimal Lease Structure & Tenant
- Brand new Arby’s
- 2019 construction with latest BTS prototype
- Corporately guaranteed lease
- Rare corporate relocation store that has been in business in Alliance for more than 40 years
     o Relocated from only a block away
     o Corporate extended the square footage due to extremely strong store performance
- 20-year base term with five (5), 5-year renewal options
- 10% rent escalation every 5 years throughout entire lease
- Triple net (NNN) lease with no landlord responsibilities

Fundamental Real Estate
- Strategically located in northeast Ohio within a short driving distance to Cleveland, Akron, Pittsburgh, and Columbus
- Large parcel size of ±1.08 acres
- Flat topography with optimal visibility
- Multiple points of ingress & egress w/ access at W State St., Chestnut St. & Penn Ave.
- Frontage along W State Street, the main east/west thoroughfare in Alliance
- ±20,579 VPD along W State Street
- Located directly across the street from University of Mount Union & just west of Aultman Alliance Community Hospital

Stable Economic Drivers
- Alliance is home to the following corporate HQs: Coastal Pet Products, Morgan Engineering, Winkle Industries, Alliance Castings, Trilogy Plastics, Terry’s Tire Town, Alliance Bearing and Repair, Sun America, and Robertson Heating and Supply
- Aultman Alliance Community Hospital
     o Largest employer in Stark County w/ ±5,000 employees
     o 682 beds & 530 active physicians in 43 specialties
- University of Mount Union
     o ±2,300 students
     o $100 MM has been invested in the construction and renovation of modern facilities since 2005
     o National recognitions and rankings from U.S. News & World Report, Forbes, Washington Monthly, and The Princeton Review’s Green Guide

Highlights

2019 construction with latest BTS prototype
Corporately guaranteed lease
Rare corporate relocation store that has been in business in Alliance for more than 40 years
20-year base term with five (5), 5-year renewal options
10% rent escalation every 5 years throughout entire lease
Triple net (NNN) lease with no landlord responsibilities

Property Flyers

Financial Summary

Cap Rate: 5.50 %

Amenities

  • Air Conditioning
  • Restaurant
  • Signage
  • Drive Thru

Public Transportation

AirportDriveWalkDistance
Akron-Canton Regional Airport 33 min - 23.9 mi
Jared Kaye 678-808-2821 Marcus & Millichap
Jared Kaye 678-808-2821 Marcus & Millichap