863 Arlington E Rdg, Akron, OH 44312-5276
- Drive through restaurants
- 2,701 SF
- 1.00 lot acres
Current Use by Public Records
- Freddy's Frozen Custard & Steakburgers / Restaurant / Take-out & Catering
Property Details for 863 Arlington E Rdg
- Year built
- 2013
- Lot size
- 1.00 lot acres
- Property type
- Drive through restaurants
- APN
- 28-15911
- APU
- 2815911
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Mar 27, 2026 | $2,000,000 | 5larks LLC | Jhk Akron LLC | Warranty Deed | — |
| Feb 25, 2020 | $2,625,000 | Jhk Akron LLC | Freddys Akron Ohio LLC | Grant Deed | — |
| Mar 27, 2019 | — | Freddy S Akron Ohio LLC | — | Deed · related | $1.7M · Chisholm Trail State Bank |
| Feb 8, 2019 | $1,698,967 | Freddys Akron Ohio LLC | Ohm Shiva Ltd | Warranty Deed | $1.7M · Chisholm Trail State Bank |
| Nov 19, 2012 | — | Ohm Shiva Ltd | Sadguru Krupa LLC | Warranty Deed · related | — |
| Oct 29, 2012 | — | Sadguru Krupa LLC | Sadguru Krupa LLC | Quit Claim Deed · related | — |
| Apr 20, 2009 | $125,000 | Sadguru Krupa LLC | Jai Shiyaram INC | Warranty Deed | — |
Description
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.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $3,365,000
- ML approach
- $2,605,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Akron
- County
- Summit
- State
- Ohio
- Longitude
- -81.4915
- Latitude
- 40.984
- CBSA code
- 10420
- CBSA name
- AKRON, OH METROPOLITAN STATISTICAL AREA
