List Search

3818 Belmont Ave

Youngstown, OH 44505

$1,294,190

Restaurant For Sale  •  4,456 Sq Ft

Property Details

  • Property Type Restaurant
  • Total Building Size 4,456 Sq Ft
  • Lot Size 1.22 ac
  • Building Class B
  • Year Built 1975
  • Cap Rate 6.75 %
  • Tenancy Single
0 Transit Score
42 Walk Score

Description

This Bob Evans property is located at 3818 Belmont Avenue in Youngstown, Ohio. Youngstown is a city in and county seat of Mahoning County. Located along the Mahoning River, the city is positioned southeast of Cleveland and northwest of Pittsburgh.

Surrounding Retail and Points of Interest
The subject property is well-positioned in a dense retail corridor, benefitting from its proximity to major national and local tenants. Nearby national tenants include: Walmart, Giant Eagle, Goodyear, Dollar General, Radioshack, First Citizens Bank, Chase Bank, Wendy’s, Taco Bell, Speedway, and Shell, as well as a variety of others. There are also three hospitality facilities within two miles of the subject property; Quality Inn, Comfort Inn, and Motel 6. Combined, they have over 200 rooms. Liberty High School, which has a total enrollment of more than 400 students, is located within one mile of the subject property. ValleyCare Health System of Ohio, a general medical and surgical hospital, is located within seven miles of the subject property. A number of industrial companies are located within a five mile radius of the subject property. These industrial companies include: Vallourec Star, Metalico Youngstown, Coronado Steel, TMS International, and Interstate Shredding, as well as a plethora of others.

Akron, Ohio
Akron, Ohio is a city in and the county seat of Summit County, Ohio and is less than 40 miles from Youngstown. It is the fifth-largest city in the Ohio. Akron is home to many area attractions including minor league and collegiate sporting teams and education centers, including the University of Akron. The Akron Fulton Regional Airport serves as an area transportation hub, serving nearly 2 million passengers a year. Akron is known for the rubber, tire, and airship industries among others, including the trucking, stoneware, sewer pipe, fishing tackle, farming equipment, mining, match, zipper, and toy industries. Residents of the city are called "Akronites". It has had many nicknames, three of which are "Rubber Capital of the World", "Rubber City" and "City of Invention". Akron is also home to LeBron James, a member of the NBA team Cleveland Cavaliers.

Highlights

Attractive Rent Escalations | Two Percent Annually
A 20 Year Triple-Net (NNN) Lease
Corporate Tenant; Lease Backed by Roughly 500 Corporate Locations
Strong Real Estate Characteristics: Dense Retail Corridor
Inherent Value: Rent Per Square Foot at or Below Market, Low Price Per Square Foot Compared to National Average
Cap Rate: 6.75 %

Major Tenants

Tenant SF Occupied Lease End Date
Bob Evans 4,456 SF 4/30/2037

Public Transportation

AirportDriveWalkDistance
Youngstown-Warren Regional Airport 18 min - 11.4 mi

Parking Details

Parking Available: No
Reserved: No
Type: Covered
Included in Rent: Yes
Glen Kunofsky 212-430-5100 Marcus & Millichap Inc
Glen Kunofsky 212-430-5100 Marcus & Millichap Inc