This exceptional investment opportunity presents a corporate ground lease for a newly constructed Arby's restaurant in Fairlawn, Ohio (Akron MSA). Located at 4100 Medina Rd, this 2,307 square foot quick-service restaurant sits on a 0.58-acre lot and boasts a prime location with high visibility and accessibility. The property benefits from direct frontage on Medina Road (37,000 vehicles per day) and convenient access to I-77 (42,000 vehicles per day). Built in 2023, this property is surrounded by a thriving retail environment, including major retailers such as The Home Depot, Chick-fil-A, T.J. Maxx, Courtyard by Marriott, and Holiday Inn. The surrounding area is densely populated, with 62,809 residents within a 5-mile radius and an average household income of $129,588 annually. The absolute NNN lease with Arby's features a 14-year term commencing March 17, 2024, and expiring March 31, 2038, leaving a substantial 13.4 years remaining. The lease includes rent bumps of 8% every five years and four, five-year lease options. The asking price is $2,477,000, representing a 5.25% cap rate and a price per square foot of $1,073.69. The property currently generates a net operating income (NOI) of $130,000, reflecting a 100% occupancy rate. This presents a strong, long-term investment opportunity in a high-demand location with a nationally recognized brand. The property's high barrier to entry and affluent demographics further enhance its investment appeal.
Highlights
Long-Term Absolute NNN Ground Lease with Corporate Tenant.
New Construction Drive-Thru Quick Service Restaurant (QSR).
Retail property - Ohio QSR, Absolute NNN Lease, High ROI
Where is the retail property located?
The property is located at 4100 Medina Rd Akron, OH.
What is the asking price?
The asking price for this property is $2,477,000.
What are key features of this property?
This property features: Long-Term Absolute NNN Ground Lease with Corporate Tenant.; New Construction Drive-Thru Quick Service Restaurant (QSR).; Rent Increases Every Five Years.
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Contacts
Brett Butler
David Wirgler
Chris Whelan
Visit Broker Website
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Medina Rd Akron, OH 44333
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Medina Rd Akron, OH 44333
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4100 Medina Rd
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