Restaurant
Freddy's
5441 Whipple Ave NW, North Canton, OH 44720
Listing Price: $2,486,000
Cap Rate
7.00%
Tenant Name
Freddy's Frozen Custard & Steakburgers
Years Remaining On Lease
10.3
Gross SF
3,000
Guarantor
Franchisee Guarantee
Rentable SF
3,000
Price/Gross SF
$828.67
Lease Type
Double Net
Rent Per Square Feet
$58.00
Investment Overview
“Class A” Property Offering with Interstate Visibility in Belden Village – Canton, OH’s #1 Retail Trade Area. Prime Frontage to 25,000 Vehicles per Day on Whipple Avenue NW; Just 0.2-Mile to I-77 Exit Ramps (I-77 Sees 85,500 Vehicles per Day).
Investment Highlights
- "Class A" Property Offering with Interstate Visibility in Belden Village – Canton, OH's #1 Retail Trade Area
- Located in the Heart of the Belden Village Trade Area with 7.2 Million SF of Retail Leased to 98 Percent Occupancy
- Prime Frontage to 25,000 Vehicles per Day on Whipple Avenue NW; Just 0.2-Mile to I-77 Exit Ramps (I-77 Sees 85,500 Vehicles per Day)
- Freddy's – Multi-Unit, Multi-Concept Franchisee with 15-Year Lease; Covered Outdoor Patio & Drive-Thru
- Scheduled Rent Increases Add Over $24,000 to In-Place NOI within First Five Years of Ownership
- Newer Built, Modern & Highest-Quality Mixed-Material Development
- Large, Highway-Visible Parcel with High Intrinsic Value in the Highway- Adjacent Dirt & Improvements
- 0.4-Mile from Pacific Retail-owned Belden Village Mall with 5.4 Million Visits Annually and Amongst a Who's Who of Major Big-Box & Junior Box Retailers
Listing Price: $2,486,000
Cap Rate
7.00%
Tenant Name
Freddy's Frozen Custard & Steakburgers
Years Remaining On Lease
10.3
Gross SF
3,000
Guarantor
Franchisee Guarantee
Rentable SF
3,000
Price/Gross SF
$828.67
Lease Type
Double Net
Rent Per Square Feet
$58.00
Investment Highlights
- "Class A" Property Offering with Interstate Visibility in Belden Village – Canton, OH's #1 Retail Trade Area
- Located in the Heart of the Belden Village Trade Area with 7.2 Million SF of Retail Leased to 98 Percent Occupancy
- Prime Frontage to 25,000 Vehicles per Day on Whipple Avenue NW; Just 0.2-Mile to I-77 Exit Ramps (I-77 Sees 85,500 Vehicles per Day)
- Freddy's – Multi-Unit, Multi-Concept Franchisee with 15-Year Lease; Covered Outdoor Patio & Drive-Thru
- Scheduled Rent Increases Add Over $24,000 to In-Place NOI within First Five Years of Ownership
- Newer Built, Modern & Highest-Quality Mixed-Material Development
- Large, Highway-Visible Parcel with High Intrinsic Value in the Highway- Adjacent Dirt & Improvements
- 0.4-Mile from Pacific Retail-owned Belden Village Mall with 5.4 Million Visits Annually and Amongst a Who's Who of Major Big-Box & Junior Box Retailers
Investment Overview
“Class A” Property Offering with Interstate Visibility in Belden Village – Canton, OH’s #1 Retail Trade Area. Prime Frontage to 25,000 Vehicles per Day on Whipple Avenue NW; Just 0.2-Mile to I-77 Exit Ramps (I-77 Sees 85,500 Vehicles per Day).

