New Freddy's Drive-Thru | 2022 Construction | 20-Year Abs NNN | 140,000 Residents within 5-Mil

Highlights:

• Brand New 2022 Construction w/ Latest Drive-Thru Prototype
• 20-Year Abs NNN Lease w/ 7.50% Increases Every 5-Years
• 140,000 Residents within 5-Miles of Subject Property
• Located in Dense Retail Trade Area Immediately off Interstate-71 & Royalton Road (Over 120,000 Vehicles Per Day)
• Traffic Counts Exceed 20,000 Vehicles Per Day on Pearl Road
• Average Household Income Exceeds $102,000 (5-Mile Radius)

Description:

The subject property is a newly constructed Freddy’s Frozen Custard & Steakburgers drive-thru located in Strongsville (Cleveland), OH. The brand new 20-year absolute NNN lease includes 7.50% rental increases every 5-years in the primary term and in the (3) five-year option periods. The property is located in a dense retail trade area immediately off interstate 71 (94,000 VPD) and Royalton Road (26,000 VPD). The site benefits from its excellent access and visibility along one of the most heavily trafficked thoroughfares in Strongsville (Pearl Road) which boasts over 20,000 vehicles per day. Within 5-miles of the subject property there are 140,000 residents with an average household income exceeding $102,000 annually.

National retailers in the immediate vicinity include KFC, Jersey Mikes, CVS Pharmacy, GameStop, Dunkin’ Donuts, Pizza Hut, Hobby Lobby, ALDI, McDonald’s, Rite Aid, Harbor Freight, Big Lots, Five Guys, Kohl’s, Longhorn Steakhouse, Macy’s, JC Penny, Firestone, Arby’s, Wendy’s, Taco Bell, US Bank, Raising Canes, Advance Auto Parts, Costco, Petco, Verizon, Target, TJ Maxx, Starbucks, and many more. This is an excellent opportunity for an investor to purchase a stable, long-term investment with zero landlord responsibility.

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