Restaurant

TGI Friday's

1039 Interstate Pkwy, Akron, OH 44312

Listing Price: $2,299,000

Cap Rate
8.85%
Tenant Name
TGI Friday's
Years Remaining On Lease
12.6
Guarantor
Franchisee Guarantee
Rentable SF
7,356
Lease Type
Absolute Net
Rent Per Square Feet
$27.65

Investment Overview

Marcus & Millichap is pleased to present a TGI Fridays for sale in Akron Ohio. The subject property is a 7,356 +/- sf freestanding Absolute NNN investment sitting on top a roughly 1.88 acre lot. It is located adjacent to a Regal Cinemas and Fairfield Marriot Hotel with over 100,000 vehicles passing in front of the property on Interstate 77. The property is subject to a long-term lease with thirteen years remaining on the initial term and four five-year options with increases.

Investment Highlights

  • Long Term Absolute Net Lease
  • 13 Years Remaining with Four Five-Year Options
  • Next Door to Regal Cinema and Fairfield Marriot Hotel
  • Affluent Area with an Average Household Income of Over $90,000 Within a One Mile Radius
  • Over 100,000 Vehicles Passing in Front of the Property on Interstate 77
  • Tenant is an essential business and has been open and paying rent during the pandemic

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    License(s): OH: BRK.2007005898

    Ohio

Financing By

Listing Price: $2,299,000

Cap Rate
8.85%
Tenant Name
TGI Friday's
Years Remaining On Lease
12.6
Guarantor
Franchisee Guarantee
Rentable SF
7,356
Lease Type
Absolute Net
Rent Per Square Feet
$27.65

Investment Highlights

  • Long Term Absolute Net Lease
  • 13 Years Remaining with Four Five-Year Options
  • Next Door to Regal Cinema and Fairfield Marriot Hotel
  • Affluent Area with an Average Household Income of Over $90,000 Within a One Mile Radius
  • Over 100,000 Vehicles Passing in Front of the Property on Interstate 77
  • Tenant is an essential business and has been open and paying rent during the pandemic

Investment Overview

Marcus & Millichap is pleased to present a TGI Fridays for sale in Akron Ohio. The subject property is a 7,356 +/- sf freestanding Absolute NNN investment sitting on top a roughly 1.88 acre lot. It is located adjacent to a Regal Cinemas and Fairfield Marriot Hotel with over 100,000 vehicles passing in front of the property on Interstate 77. The property is subject to a long-term lease with thirteen years remaining on the initial term and four five-year options with increases.

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    License(s): OH: BRK.2007005898

    Ohio

Financing By

MM Texture Background
MM Textured Background Lower