Freestanding Popeyes
620 N Howard St Akron, OH 44310
New
620 N Howard St, Akron, OH, 44310
$1,500,000
For Sale
$1,500,000
Freestanding Popeyes drive-thru with a new 20-year NNN sale-leaseback and scheduled 10% rent increases.
Property Size2,520 SF
Price / SF$595.24
Days on Market1
Property Features for 620 N Howard St
General Information
- Standard status
- Active
- Size
- 2,520 SF
- Property subtype
- Restaurant
Listing Agency
Marcus & Millichap
(310) 909-2394
Listed by
Jason Fefer · License #License(s): CA: 02100489
(310) 909-2394
Source
Marcusmillichap
Added: Jul 18 Checked: Jul 18 at 2:48 am
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Investment Insights
Based on property information with market context.
Freestanding Popeyes drive-thru restaurant offering a newly structured sale-leaseback on a NNN basis. The property is approximately 2,520 square feet and is secured by a new 20-year lease commencing at close of escrow, with zero landlord responsibilities. The lease includes four (4) five-year renewal options, scheduled 10% rent increases every five years, and annual base rent of $90,000. The lease is operated and guaranteed by an established 13-unit Popeyes franchisee, with the tenant slated to remodel the location at their own expense in 2028.
The restaurant is located along North Howard Street at a signalized intersection with Tallmadge Avenue, providing direct access to State Route 8, Interstate 77, and Interstate 76. Nearby retailers include Home Depot, Best Buy, Sam’s Club, and Lowe’s at The Plaza at Chapel Hill Shopping Center.
This offering is positioned for long-term, passive net-lease income, supported by brand strength associated with Popeyes’ global presence under Restaurant Brands International.
The restaurant is located along North Howard Street at a signalized intersection with Tallmadge Avenue, providing direct access to State Route 8, Interstate 77, and Interstate 76. Nearby retailers include Home Depot, Best Buy, Sam’s Club, and Lowe’s at The Plaza at Chapel Hill Shopping Center.
This offering is positioned for long-term, passive net-lease income, supported by brand strength associated with Popeyes’ global presence under Restaurant Brands International.
Key Highlights
- Freestanding Popeyes drive‑thru at 620 North Howard Street, Akron, OH
- ±2,520 SF restaurant secured by a new 20‑year sale‑leaseback NNN lease
- Annual base rent of $90,000 with a 6.00% cap rate; includes scheduled 10% rent increases every five years
Property Analytics
Location Intelligence
Current Use by Public Records
Popeyes Louisiana Kitchen
Restaurant
Similar For Sale Nearby
FAQs
What type of property is this?
Drive through restaurant - Freestanding Popeyes drive-thru with a new 20-year NNN sale-leaseback and scheduled 10% rent increases.
Where is this drive through restaurant located?
The property is located at 620 N Howard St Akron, OH.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Freestanding Popeyes drive‑thru at 620 North Howard Street, Akron, OH; ±2,520 SF restaurant secured by a new 20‑year sale‑leaseback NNN lease; Annual base rent of $90,000 with a 6.00% cap rate; includes scheduled 10% rent increases every five years
