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This exceptional investment opportunity presents a stabilized, single-tenant Arby's restaurant located at 1951 Cooper Foster Park Rd, Amherst, OH 44001. The property boasts 2,521 square feet on a 1.1-acre lot and features a newly renovated interior (2024) and updated façade (2010), reflecting the tenant's significant commitment to the location. The current lease, a NNN (Net, Net, Net) agreement, has a remaining term of 15 years, expiring October 31, 2039, with built-in rent bumps. The property's strong performance is evidenced by a 5.50% cap rate and a substantial NOI of $110,000. The asking price is $1,999,000, translating to $792.94 per square foot. This location is strategically positioned just off Cooper Foster Park Road, a high-traffic area with over 15,371 vehicles per day, ensuring excellent visibility and accessibility. The surrounding area demonstrates strong demographics, with a population of 102,337 residents within a 5-mile radius and an average household income of $64,945. The property is part of a shopping center anchored by Tractor Supply, and nearby retailers include Michaels, Jimmy John's, Chipotle, Dunkin', and more. The tenant is planning further expansion, including a potential double drive-through, highlighting their confidence in the site's success. This is a rare opportunity to acquire a top-performing Arby's in a prime location with a long-term lease and significant upside potential. The property is a single-story building constructed in 1993.
Highlights
Brand new 15-year lease with a tenant demonstrating strong commitment to the location.
Outparcel in a Tractor Supply-anchored shopping center.
Tenant's planned expansion to a double drive-thru on adjacent land underscores location success.
Tenant-updated façade (2010) reflects ongoing investment in the property.
High-traffic location: Cooper Foster Road sees 15,371 vehicles per day (VPD).
Strong demographics: 102,337 residents within a 5-mile radius, with an average household income of $64,945.
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The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.