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3523 Belmont Ave

Youngstown, OH 44505

$1,669,565

Restaurant For Sale  •  1,754 Sq Ft

Property Details

  • Property Type Restaurant
  • Total Building Size 1,754 Sq Ft
  • Lot Size 0.7 ac
  • Building Class B
  • Year Built 2019
  • Cap Rate 5.75 %
  • Tenancy Single
0 Transit Score
45 Walk Score

Description

This Tim Hortons property is located at 3523 Belmont Avenue in Youngstown, Ohio. Youngstown is a city in, as well as the county seat of, Mahoning County.
SURROUNDING RETAIL & POINTS OF INTEREST
This Tim Hortons is strategically situated in a dense retail corridor and benefits from its proximity to numerous major retail and restaurant concepts. These major retail and restaurant concepts include: Wendy’s, Chase, KFC, Arby’s, Taco Bell, Walmart, Huntington Bank, Aldi, Dollar General, Aaron’s, AutoZone, BP, Save-a-Lot, Pizza Hut, Walgreens, Rite Aid, Subway, Key Bank, State Farm, Long John Silvers, McDonald’s, Bob Evans, Shell, and Denny’s. In addition to these numerous retail and restaurant concepts, the subject property is located just down the street from the Northside Regional Medical center, which is a 204 bed state-of-the-art medical facility. Another attraction to the immediate area is Liberty High School, which sits just north of the subject property. Liberty High School has a total enrollment of approximately 500 students.
YOUNGSTOWN, OH
Youngstown is situated on the Mahoning River approximately 65 miles southeast of Cleveland and 61 miles northwest of Pittsburgh. Despite having its own media market, Youngstown is often included in commercial and cultural depictions of both Northeast Ohio as well as the greater Pittsburgh region due to these proximities. The city is also strategically positioned as the midway point in-between New York and Chicago along Interstate-80. Youngstown is the site of several steel and metalworking operations, and has experienced considerable economic transformation, blending the historic cornerstones of its economy, such as manufacturing and metalworking, with new and exciting start up companies. The Youngstown Business Incubator is located in the heart of downtown Youngstown and houses several start-up technology companies. Some of these companies have earned recognition on both a regional and national level, including Turning Technologies, which has been rated by Inc. Magazine as the fastest-growing privately held software company in the United States and the 18th fastest-growing privately help company overall.

Highlights

Brand New 20-Year Sale Leaseback
Triple Net (NNN) Lease with Zero Landlord Responsibilities
Attractive 2% Annual Rental Increases Starting in Year Six
Four (4) Tenant Renewal Periods of Five (5) Years Each
Globally Recognized Concept | The Tim Hortons System Includes Approximately 4,600 Stores Across 14 Countries
Largest Quick Service Restaurant in Canada | On Average 15% of All Canadians Visit Tim Hortons Each Day
Cap Rate: 5.75 %

Public Transportation

AirportDriveWalkDistance
Youngstown-Warren Regional Airport 19 min - 11.8 mi
Glen Kunofsky 212-430-5100 Marcus & Millichap Inc
Glen Kunofsky 212-430-5100 Marcus & Millichap Inc