Shopping Strip
Brew Kettle & Jimmy John’s
11 Atterbury Blvd, Hudson, OH 44236
Listing Price: $2,632,000
Investment Overview
Subject property is a fully occupied, 6,331-square-foot two-tenant Restaurant offering in highly affluent Hudson, Ohio. The property has 7.82 years weighted average lease term remaining. High-Image 2015 Construction: All-Masonry Exterior with Elevated Building & Patio Height Provide Excellent Visibility, Signage & “Landmark” Appearance. The property is adjacent to Chipotle and 2015-built luxury townhome development. Just off of Signalized Intersection at Route 303/W Streetsboro Street with 16,167 Vehicles per Day – Major East-West Arterial and Daily Commuter Route Located amongst Hudson's downtown area with upscale grocery, apparel, shops, office, and restaurants.
Brew Kettle & Jimmy John’s
Investment Highlights
- Fully Occupied, 6,331-Square-Foot Two-Tenant Restaurant Offering in Highly Affluent Hudson, Ohio ($160,000 Average Household Income in Three-Mile)
- 7.82 Years Weighted Average Lease Term Remaining
- Brew Kettle (76 Percent of Gross Leasable Area (GLA)) – 15-Year Triple Net (NNN) Lease thru July 2034
- Jimmy John's (24 Percent of GLA) – Recently Exercised First Five-Year Option thru July 2029 at 10 Percent Increase in Rent
- $154,000-$160,000 Average Household Income in One and Three-Mile Radius; One of the Most Affluent and Desirable Cleveland/Akron Suburbs with Top-Tier Public and Private Schools
- Potential for Passive/Easy Management with Only Two Tenants; Four Percent Third-Party Management Expense Underwritten in Net Operating Income
- Adjacent to Chipotle and 2015-Built Luxury Townhome Development
- Directly Across from Hudson Plaza Shopping Center with Acme Fresh Market, Hollywood Feed, Panera, Verizon, Chase Bank, McDonald's, KeyBank, Fifth Third Bank and More
Listing Price: $2,632,000
Investment Highlights
- Fully Occupied, 6,331-Square-Foot Two-Tenant Restaurant Offering in Highly Affluent Hudson, Ohio ($160,000 Average Household Income in Three-Mile)
- 7.82 Years Weighted Average Lease Term Remaining
- Brew Kettle (76 Percent of Gross Leasable Area (GLA)) – 15-Year Triple Net (NNN) Lease thru July 2034
- Jimmy John's (24 Percent of GLA) – Recently Exercised First Five-Year Option thru July 2029 at 10 Percent Increase in Rent
- $154,000-$160,000 Average Household Income in One and Three-Mile Radius; One of the Most Affluent and Desirable Cleveland/Akron Suburbs with Top-Tier Public and Private Schools
- Potential for Passive/Easy Management with Only Two Tenants; Four Percent Third-Party Management Expense Underwritten in Net Operating Income
- Adjacent to Chipotle and 2015-Built Luxury Townhome Development
- Directly Across from Hudson Plaza Shopping Center with Acme Fresh Market, Hollywood Feed, Panera, Verizon, Chase Bank, McDonald's, KeyBank, Fifth Third Bank and More
Investment Overview
Subject property is a fully occupied, 6,331-square-foot two-tenant Restaurant offering in highly affluent Hudson, Ohio. The property has 7.82 years weighted average lease term remaining. High-Image 2015 Construction: All-Masonry Exterior with Elevated Building & Patio Height Provide Excellent Visibility, Signage & “Landmark” Appearance. The property is adjacent to Chipotle and 2015-built luxury townhome development. Just off of Signalized Intersection at Route 303/W Streetsboro Street with 16,167 Vehicles per Day – Major East-West Arterial and Daily Commuter Route Located amongst Hudson's downtown area with upscale grocery, apparel, shops, office, and restaurants.
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