Shopping Strip
Brew Kettle & Jimmy John’s
11 Atterbury Blvd, Hudson, OH 44236
Listing Price: $2,732,000
Investment Overview
Subject property is a fully occupied, 6,331-square-foot two-tenant Rrestaurant offering in highly affluent hudson, Ohio. The property has 8.9 years weighted average lease term remaining. Local brewery and restaurant chain in business since 1994 with six restaurants throughout Northeast Ohio. The property is adjacent to Chipotle and 2015-built luxury townhome development. 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)
- 8.9 Years Weighted Average Lease Term Remaining
- Brew Kettle (76 Percent of GLA) – 15-Year 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; 4 Percent Third-Party Management Expense Underwritten in NOI
- 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
Listing Price: $2,732,000
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)
- 8.9 Years Weighted Average Lease Term Remaining
- Brew Kettle (76 Percent of GLA) – 15-Year 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; 4 Percent Third-Party Management Expense Underwritten in NOI
- 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 Rrestaurant offering in highly affluent hudson, Ohio. The property has 8.9 years weighted average lease term remaining. Local brewery and restaurant chain in business since 1994 with six restaurants throughout Northeast Ohio. The property is adjacent to Chipotle and 2015-built luxury townhome development. Located amongst Hudson's downtown area with upscale grocery, apparel, shops, office, and restaurants.
Exclusively Listed By
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