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
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