Restaurant
New-Construction Arby’s 15-Year ABS NNN | 5.0% CAP
4100 Medina Rd, Copley, OH 44333
Listing Price: $2,600,000
Cap Rate
5.00%
Tenant Name
Arby's
Years Remaining On Lease
14.3
Gross SF
2,307
Guarantor
No Guarantee
Rentable SF
2,307
Price/Gross SF
$1,127.00
Lease Type
NNN Ground Lease
Rent Per Square Feet
$56.35
Investment Overview
Marcus & Millichap is pleased to exclusively present for sale, Arby's located in Copley, Ohio. The subject property is a brand new construction with a 15 year absolute triple-net ground lease. Arby's is being offered for $2.6 million.
New-Construction Arby’s 15-Year ABS NNN | 5.0% CAP
Investment Highlights
- Brand-New Construction Arby's 15-Year Absolute Triple-Net Ground Lease in in Suburban Akron
- True Highway Exit Site: Just 400 Feet from I-77 Exit Ramps at Route 18 (79,000 Vehicles per Day)
- Located in the Epicenter of Akron's Top Retail Trade Area; Four Million Square Feet of Retail Leased to 99 Percent Occupancy
- Highly Affluent Demographics with Average Household Income of $105-124,000 in One, Three, and Five Mile Radii
- Strong Visibility and Frontage to Route 18 with 41,000 Vehicles per Day
- Lease Structure Provides Ability to Depreciate Approximately $525,000 of Site Improvements
- 8 Percent Rent Increases Every Five Years of Primary Term and In Each Option
- High-Traffic Location Proximate to Regional Mall and Major Power Centers
Listing Price: $2,600,000
Cap Rate
5.00%
Tenant Name
Arby's
Years Remaining On Lease
14.3
Gross SF
2,307
Guarantor
No Guarantee
Rentable SF
2,307
Price/Gross SF
$1,127.00
Lease Type
NNN Ground Lease
Rent Per Square Feet
$56.35
Investment Highlights
- Brand-New Construction Arby's 15-Year Absolute Triple-Net Ground Lease in in Suburban Akron
- True Highway Exit Site: Just 400 Feet from I-77 Exit Ramps at Route 18 (79,000 Vehicles per Day)
- Located in the Epicenter of Akron's Top Retail Trade Area; Four Million Square Feet of Retail Leased to 99 Percent Occupancy
- Highly Affluent Demographics with Average Household Income of $105-124,000 in One, Three, and Five Mile Radii
- Strong Visibility and Frontage to Route 18 with 41,000 Vehicles per Day
- Lease Structure Provides Ability to Depreciate Approximately $525,000 of Site Improvements
- 8 Percent Rent Increases Every Five Years of Primary Term and In Each Option
- High-Traffic Location Proximate to Regional Mall and Major Power Centers
Investment Overview
Marcus & Millichap is pleased to exclusively present for sale, Arby's located in Copley, Ohio. The subject property is a brand new construction with a 15 year absolute triple-net ground lease. Arby's is being offered for $2.6 million.
