426 State St Fremont, OH 43420-4257

This exceptional investment opportunity presents a fee-simple ownership of a brand-new (2022), 356 square foot Biggby Coffee located at 426 E State St, Fremont, OH 43420. The property sits on a 0.5-acre lot and boasts a drive-thru-only design, strategically positioned on a major commercial corridor with high daily vehicle traffic (12,000 VPD). This single-tenant, absolute NNN ground lease offers a strong 6.00% cap rate with a substantial NOI of $17,992. The lease features a 13-year remaining term with built-in 10% rent bumps every five years and three additional five-year renewal options, minimizing landlord responsibilities. The property benefits from its proximity to significant industrial employers, including Crown Battery and Kraft Heinz, creating a built-in customer base. The asking price is $299,867, translating to $842.32 per square foot. This is a rare opportunity to acquire a high-performing, low-maintenance investment in a prime location with a proven, fast-growing brand. The property's location on the eastern side of the river makes it the only drive-thru coffee shop in the area, ensuring immediate market share. The low ground rent contributes to a cheap basis in the real estate, further enhancing the investment's appeal. This is a bite-sized deal with significant upside potential.