Entity Owned Property summary
This exceptional investment opportunity presents a 2,600 square foot Freddy's Frozen Custard restaurant located at 863 Arlington Ridge East in Akron, Ohio. The property boasts a strong 7.26% cap rate and a substantial net operating income (NOI) of $181,921. Secured by a 15-year net lease (NNN) with a franchisee tenant, the lease commenced July 30, 2019, and expires July 31, 2034, leaving approximately 9.7 years remaining. The lease includes attractive 7.5% rent bumps every five years, and… three five-year renewal options, ensuring long-term income stability. Built in 2019, this single-tenant property sits on a one-acre lot and benefits from a high-traffic location, with over 26,000 vehicles passing daily on nearby S Arlington Road. The property's strategic location is further enhanced by its proximity to numerous national retailers, including Target, Taco Bell, Chipotle, and several fast-food chains, as well as major hotel brands like Residence Inn, Hampton Inn, and Holiday Inn Express. The asking price is $2,507,096, translating to a price per square foot of $964.27. This investment is backed by a personal guarantee and an OH Steakburgers, LLC guarantee, adding an extra layer of security. Akron's robust economy, ranked #2 among metros (200,000-1 million population) for new business expansions and relocations for two consecutive years by Site Selection Magazine, further strengthens this compelling investment proposition. This is a rare opportunity to acquire a high-performing, well-located, and secure net-leased property with a proven track record.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2023
Value estimate
· Sep 2026Realmo valuation models over county records and 7 qualifying comparable sales.
Recently sold
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 12 properties nearbyComparable nearby
Similar Nearby for Sale
Similar Nearby for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- GBA
- 2,701 SF
- Lot area
- 1 ac
- Year built
- 2013
- Stories
- 1
- APN
- 28-15911
- Assessed value · 2023
- $31,090
- Annual tax · 2023
- $35,415
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- NOI Potential
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- Alternative use
- Local Zoning Insight
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- Ownership
- Owner Contacts
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- Everything in the Light report
- Full Property Data
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- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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