Freddy's Strongsville, 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!**
• • HIGH TRAFFIC COUNTS/VISIBILITY - Positioned on a large ±1.13-acre lot with great access/visibility on US-58/ Pearl Rd (main north/south thoroughfare in Strongsville) with traffic counts of 25,348 CPD
• • 2024 VERY AFFLUENT DEMOGRAPHICS: Population: 136,009 & Average Household Income: $128,245

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).
The Asset is Positioned on a large ±1.13-acre lot with great access/visibility on US-58/ Pearl Rd (main north/south thoroughfare in Strongsville) with traffic counts of 25,348 CPD! Retailers within 5 miles include Costco, Walmart, Target, BJ’s, Home Depot, Lowe’s, Hobby Lobby, Kohl’s, Marshalls, T.J. Maxx, Gabe’s, Dick’s Sporting Goods, Old Navy, Sierra, Best Buy, Big Lots, Ulta Beauty, Joann Fabric, Party City, OfficeMax, Petco, Harbor Freight Tools, ALDI, Giant Eagle Supermarket, Marc’s Grocery, Heinen’s Grocery, Market District Supermarket, and Cinemark. It is 4 miles from Baldwin Wallace University - a liberal arts-based college offering bachelor’s & master’s degrees, certificates & professional education programs with 3,318 students (Fall 2024); 5 miles from Southwest General Middleburg Medical Center - a 358-licensed bed acute care hospital located in Middleburg Heights, Ohio that supports patients in the greater Cleveland area, providing a full range of medical, emergency & surgical services
In Association with Designated Broker:
Brian Brockman – Broker
License #: BRK.2009000214
Bang Realty, Inc
bor@bangrealty.com
513-898-1551

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