1719 Hilliard Rome Rd Hilliard, OH 43026

This property features a brand-new, build-to-suit Freddy's restaurant of the latest prototype, slated to open in January 2025. The property is positioned on a large approximately 1.00-acre lot, as a pad site to Sam's Club. The restaurant includes an impressive 15-car stack in the drive-thru. The location benefits from high traffic counts and visibility on Hilliard Rome Rd, a main north/south thoroughfare in Hilliard, with traffic counts of 39,019 CPD. The surrounding area has affluent demographics, with a total population of 188,462 within a 5-mile radius and an average household income of $114,613 within a 1-mile radius. The property is under a long-term, 20-year absolute NNN lease with attractive 7.50% rental escalations every 5 years and four 5-year options to renew. The operator, RAM-Z Custard, LLC, owns and operates 69 locations, including 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.