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Restaurant

Rita's Italian Ice

1060 Kenmore Blvd, Akron, OH 44314

Listing Price: $1,125,000

Cap Rate
7.10%
Tenant Name
Rita's
Years Remaining On Lease
9.5
Guarantor
Franchisee Guarantee
Rentable SF
4,123
Lease Type
Absolute Net
Rent Per Square Feet
$19.40

Investment Overview

Marcus & Millichap is proud to present a 4,123 SF retail building situated on nearly 1 acre lot featuring a new 10-Year absolute triple net lease with Rita's Italian Ice.

Investment Highlights

  • New 10-year triple-net (NNN) lease featuring 10% rental increases every five years and additional percentage rent.
  • Established National Brand | 600+ Locations
  • Zero Landlord Responsibilities
  • Located along Kenmore Boulevard in Akron's revitalizing Kenmore Boulevard Historic District, a commercial district serving 17,000+ residents and more than 90,000 workers within a 10-minute drive.

Exclusively Listed By

Financing By

Restaurant

Rita's Italian Ice

Listing Price: $1,125,000

Cap Rate
7.10%
Tenant Name
Rita's
Years Remaining On Lease
9.5
Guarantor
Franchisee Guarantee
Rentable SF
4,123
Lease Type
Absolute Net
Rent Per Square Feet
$19.40

Investment Highlights

  • New 10-year triple-net (NNN) lease featuring 10% rental increases every five years and additional percentage rent.
  • Established National Brand | 600+ Locations
  • Zero Landlord Responsibilities
  • Located along Kenmore Boulevard in Akron's revitalizing Kenmore Boulevard Historic District, a commercial district serving 17,000+ residents and more than 90,000 workers within a 10-minute drive.

Investment Overview

Marcus & Millichap is proud to present a 4,123 SF retail building situated on nearly 1 acre lot featuring a new 10-Year absolute triple net lease with Rita's Italian Ice.

Exclusively Listed By

Financing By

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