4100 Medina RdAkron, OH 44333

For Sale
$2,477,000

Ohio QSR, Absolute NNN Lease, High ROI

Overview

Added:
Dec 11, 2024
Days on market:
92
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).
  • Rent Increases Every Five Years.
  • Prime Retail Location in Affluent Area.
  • High Barriers to Entry for Competitors.

Property Details for 4100 Medina Rd

Property type
Other retail properties, Restaurants
Square Feet
2,307 SF
Year Built
2023
Lot Size (sq. ft)
25,265 SF

Location Insight

City
Akron
County
Summit
State
Ohio
Latitude
41.13550411027
Longitude
-81.646198480902
4100 Medina Rd, Akron, Ohio

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4100 Medina Rd
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