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Shopping Strip

Brew Kettle & Jimmy John’s

11 Atterbury Blvd, Hudson, OH 44236

Listing Price: $2,632,000

Cap Rate
7.25%
Gross SF
6,331
Rentable SF
6,331
Price/Gross SF
$415.73
Lot Size
0.37 acres
Year Built
2015

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.

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

Exclusively Listed By

Financing By

Shopping Strip

Brew Kettle & Jimmy John’s

Listing Price: $2,632,000

Cap Rate
7.25%
Gross SF
6,331
Rentable SF
6,331
Price/Gross SF
$415.73
Lot Size
0.37 acres
Year Built
2015

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.

Exclusively Listed By

Financing By

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