FREDDY'S - GROVE CITY, OH | 4264 Buckeye Pky
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FREDDY'S - GROVE CITY, OH 4264 Buckeye Pky
3,027 SF 100% Leased Retail Building Grove City, OH 43123 $4,384,026 CAD ($1,448 CAD/SF) 6% Cap Rate
Investment Highlights
- LONG -TERM LEASE - Brand new 20-year Absolute NNN lease with attractive 7% rental escalations every 5 years with four 5-year options to renew.
- 6th largest Freddy’s franchisee in the U.S
- HIGH TRAFFIC COUNTS/VISIBILITY - Positioned on a large ±1.158-acre lot, pad site to Target & Hobby Lobby Shopping Center
- OPERATOR | TENANT - Ram-Z Custard, LLC owns & operates 69 locations, which include 34 Freddy’s restaurants
- New, build-to-suit of Freddy’s latest prototype with Brick Construction with an impressive 16-car stack in drive-thru - slated to open December 2024
- 2024 VERY AFFLUENT DEMOGRAPHICS: Total Population (5-MI): 134,210 | Average Household Income (1-MI): $118,064
Executive Summary
(Building & Land) Fee Simple
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
3,027 SF
Year Built
2024
Price
$4,384,026 CAD
Price Per SF
$1,448 CAD
Cap Rate
6%
NOI
$263,070 CAD
Percent Leased
100%
Building Height
1 Story
Building FAR
0.06
Lot Size
1.16 AC
Zoning
C
Amenities
- Restaurant
- Signage
- Drive Thru
Nearby Major Retailers
1 of 11
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FREDDY'S - GROVE CITY, OH | 4264 Buckeye Pky
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