4660 Northfield Rd, North Randall, OH 44128
2,128 SF | Retail Building | North Randall, OH 44128 | $1,571,428 ($738/SF) | 5.25% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $1,571,428
- Property Type
-
Retail
- Square Feet
- 2,128 SF
- Price / Square Foot
- $738
Listing Contacts
Gary Broidis
Verified Profile
Rafi Chambasian
Verified Profile
Sean Lunt
Verified Profile
- Property Info
Property Overview
ABSOLUTE NNN LEASE: There are zero Landlord responsibilities making it a great
opportunity for passive investors
LONG-TERM LEASE: Over 20 years left in the initial term, providing secured long- term passive income
LOW RENT: Rents are replaceable and below market
ATTRACTIVE OPTIONS AND INCREASES: Six(6) x Five(5) year options to extend
the lease and 10% rental increases every 5 years
OVER-SIZED PARCEL AND DRIVE-THRU LANES: The parcel is .98 acres, which is large for a QSR property. The building is equipped with a drive-thru which has proven to increase profitability. Additionally, drive-thru service is open late until 3am
STRONG DEMOGRAPHICS: This asset enjoys a dense five mile population of over
214,000 residences
STRATEGIC LOCATION: The site is ideally situated in front of an 855,000 SF Amazon Fullfilment Center — employing over 2,000 fulltime employees and operating 24 hours a day, 7 days a week. Down the street from the site is Jack Thistledown Casino (ranked in the top 99% for Hotel and Casino nationwide per Placer.ai) which enjoys over 1,300,000 annual visitors. The location is surrounded by nation's largest retailers such as ALDI, Sherwin-Williams, Burger King, etc.
opportunity for passive investors
LONG-TERM LEASE: Over 20 years left in the initial term, providing secured long- term passive income
LOW RENT: Rents are replaceable and below market
ATTRACTIVE OPTIONS AND INCREASES: Six(6) x Five(5) year options to extend
the lease and 10% rental increases every 5 years
OVER-SIZED PARCEL AND DRIVE-THRU LANES: The parcel is .98 acres, which is large for a QSR property. The building is equipped with a drive-thru which has proven to increase profitability. Additionally, drive-thru service is open late until 3am
STRONG DEMOGRAPHICS: This asset enjoys a dense five mile population of over
214,000 residences
STRATEGIC LOCATION: The site is ideally situated in front of an 855,000 SF Amazon Fullfilment Center — employing over 2,000 fulltime employees and operating 24 hours a day, 7 days a week. Down the street from the site is Jack Thistledown Casino (ranked in the top 99% for Hotel and Casino nationwide per Placer.ai) which enjoys over 1,300,000 annual visitors. The location is surrounded by nation's largest retailers such as ALDI, Sherwin-Williams, Burger King, etc.
Property Details
- Class
- B
- Year Built
- 2019
- Stories
- 1
- Lot Size (sq. ft)
- 42,689 SF
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