863 Arlington E Akron, OH
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Restaurant property for sale near S Arlington Road in Akron, OH.
Type:RETAIL
Property size:
2,600 SFLot size:
1.00 AcresPrice / SF:
$903/SF- Added:
- Oct 16, 2024
- Days on Market:
- 562
- Last Refresh:
- Apr 5 at 11:06 pm
Property Features for 863 Arlington E
General Information
- Standard status
- Active
- Size
- 2,600 SF
- Lot size
- 1.00 Acres
- Property subtype
- RETAIL
Listing agent Maxwell Watson
Listing office Sands Investment Group (SIG) | Austin (844) 474-4666
Listing date Oct 16, 2024
Source Moodyscre
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Sands Investment Group (SIG) | Austin
Overview
Akron Restaurant Property For Sale
This restaurant property is located off of S Arlington Road, which sees over 26,000 vehicles per day. The surrounding area includes national retailers such as Target, Taco Bell, Chipotle, Five Guys, Wendy’s Burger King, and Bob Evans. Multiple national hotel brands are located nearby, including Residence Inn, Hampton Inn, and Holiday Inn Express. For two consecutive years, Site Selection Magazine ranked Akron #2 among metros with populations of 200,000 to 1 million for new business expansions and relocation. The property is occupied by Freddy’s Frozen Custard & Steakburgers, a fast-casual franchise concept with over 500 locations across 36 states in the U.S. The lease includes 7.5% rent increases every 5 years and at each of the three, 5-year option periods. The lease is guaranteed by Personal Guarantee and OH Steakburgers, LLC. The property size is 2,600 square feet.
Location Intelligence
Current Use by Public Records
Drive through restaurants
Location Insight
- Map
- Local Demand
- City
- Akron
- County
- Summit
- State
- Ohio
- Longitude
- -81.491
- Latitude
- 41.0486
Nearby Similar for Sale
FAQs
What type of property is this?
Drive through restaurant - Restaurant property for sale near S Arlington Road in Akron, OH.
Where is this drive through restaurant located?
The property is located at 863 Arlington E Akron, OH.
What is the asking price?
The asking price for this property is $2,350,000.
What are key features of this property?
This property features: Strong tenant with personal and corporate guarantees (OH Steakburgers, LLC).; 7.5% rent increases every 5 years and at each option period.; Freddy’s Frozen Custard & Steakburgers is a well‑established national franchise with over 500 locations.
