Freddy's Streetsboro, Oh

Highlights:

• • LONG -TERM LEASE - Brand new 20-year Absolute NNN lease with attractive 7.50% rental escalations every 5 years with four 5-year options to renew
• • OPERATOR | TENANT - Ram-Z Custard, LLC owns & operates 69 locations, which include 34 Freddy’s restaurants, making it the 6th largest Freddy’s franchisee in the U.S., and 35 Schlotzsky’s locations, the largest Schlotzsky’s franchisee in the country (including those currently under construction). **All units back the performance of the lease!**
• • Positioned on a large ±1.72-acre lot with an impressive 10-car stack drive-thru
• • HIGH TRAFFIC COUNTS/VISIBILITY - Pad site to a Target, Lowe’s & Giant Eagle Anchored Shopping Center with excellent visibility/access on OH-303/OH-14/Cleveland-E Liverpool Rd, just west of OH- 43/Cleveland Canton Rd with traffic counts of 58,609 CPD!
• • 2024 VERY AFFLUENT DEMOGRAPHICS: Population: 47,603 & Average Household Income: $155,240

Description:

Freddy’s has a Brand new 20-year Absolute NNN lease with attractive 7.50% rental escalations every 5 years with four 5-year options to renew. The Tenant, Ram-Z Custard, LLC owns & operates 69 locations, which include 34 Freddy’s restaurants, making it the 6th largest Freddy’s franchisee in the U.S., and 35 Schlotzsky’s locations, the largest Schlotzsky’s franchisee in the country (including those currently under construction). It is Positioned on a large ±1.72-acre lot with an impressive 10-car stack drive-thru.
The Asset is Pad site to a Target, Lowe’s & Giant Eagle Anchored Shopping Center with excellent visibility/access on OH-303/OH-14/Cleveland-E Liverpool Rd, just west of OH- 43/Cleveland Canton Rd with traffic counts of 58,609 CPD! Freddy’s is Pad site to a Target, Lowe’s Home Improvement & Giant Eagle Anchored Shopping Center - nearby retailers include Walmart, Home Depot, Family Farm & Home, Staples, Harbor Freight Tools, Pet Supplies Plus, ALDI, Dollar General, Goodwill, AutoZone, NTB, Mattress Firm, Sherwin Williams, Powerhouse Gym, and Planet Fitness. It is 8 miles from Kent State University - a public research university offering various degrees & programs with 26,106 students; 20 miles from University of Akron - a public research university offering various undergraduate majors & graduate programs serving 14,995 students; 19 miles from Cleveland Clinic Akron General - a 532-bed teaching hospital, serving the needs of Akron & the surrounding communities of Summit County; 5 miles from Aurora Farms Premium Outlets - Conveniently located off SR 43, shop more than 50 designer & name brand outlet stores including Coach, kate spade new york, Michael Kors, Nike Factory Store, aerie, American Eagle Outfitters & North Face.
In Association with Designated Broker:
Brian Brockman – Broker
License #: BRK.2009000214
Bang Realty, Inc
bor@bangrealty.com
513-898-1551

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