1240 OH-303 Streetsboro, OH
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Freddy's absolute NNN lease on 1.72-acre lot.
Type:RETAIL
Property size:
3,170 SFLot size:
1.72 AcresPrice / SF:
$883/SF- Added:
- Jan 16, 2025
- Days on Market:
- 468
- Last Refresh:
- Apr 5 at 10:59 pm
Property Features for 1240 OH-303
General Information
- Standard status
- Active
- Size
- 3,170 SF
- Lot size
- 1.72 Acres
- Property subtype
- RETAIL
Listing agent Justin Zahn (480) 718-5555
Listing office Commercial Investment Advisors (CIA) - Corporate (480) 718-5555
Listing date Jan 16, 2025
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 Commercial Investment Advisors (CIA) - Corporate
Overview
Streetsboro Freddy's NNN Investment Opportunity
This property features a Freddy’s restaurant operating under a brand new 20-year absolute NNN lease, which includes attractive 7.50% rental escalations every 5 years and four 5-year options to renew. The tenant, Ram-Z Custard, LLC, 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). The restaurant is positioned on a large ±1.72-acre lot and includes an impressive 10-car stack drive-thru. The asset is a pad site to a shopping center anchored by Target, Lowe’s, and Giant Eagle, offering excellent visibility and 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. 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. The property is located 8 miles from Kent State University (with 26,106 students), 20 miles from the University of Akron (with 14,995 students), 19 miles from Cleveland Clinic Akron General (a 532-bed teaching hospital), and 5 miles from Aurora Farms Premium Outlets, which features over 50 designer and name-brand outlet stores.
Location Intelligence
Current Use by Public Records
Drive through restaurants
Map
- City
- Streetsboro
- County
- Portage
- State
- Ohio
- Longitude
- -81.3459
- Latitude
- 41.2392
Nearby Similar for Sale
FAQs
What type of property is this?
Drive through restaurant - Freddy's absolute NNN lease on 1.72-acre lot.
Where is this drive through restaurant located?
The property is located at 1240 OH-303 Streetsboro, OH.
What is the asking price?
The asking price for this property is $2,800,000.
What are key features of this property?
This property features: Brand new 20‑year Absolute NNN lease with attractive 7.50% rental escalations every 5 years and four 5‑year options to renew.; Tenant is a large and established franchisee (Ram‑Z Custard, LLC) operating 69 locations.; Pad site location within a Target, Lowe’s & Giant Eagle anchored shopping center.
