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Biggby Coffee (GL)

426 East State Street, Fremont, OH 43420

$299,867

Cap Rate 6.00%

Views: 150 DOM: 46 Updated: 08.31.24 Posted: 07.23.24 Status: Active

Summary

Price $299,867
Built/Renov 2022
Tenant Biggby Coffee (GL)
Cap Rate 6.00%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 356
Lease Start 07-01-2022
#Units 370
Price/SF $842.32
Expiration 06-30-2034
Tenant Type Fast Food/QSR
NOI $17,992
R. Term 9.9
Ownership Ground Lease
Rent/SF $50.54
Increases 9.0%/3/yrs
Pop 5Mi 27,269
Lot/AC 0.50
Options 3/5yrs/9%
AHHI 5Mi $70,120

David Hoppe
Atlantic Capital Partners
Contact

Lease Highlights

  • New 2022 construction
  • 9+ years remaining on the current ground lease term with 3 (5-year) options to extend
  • The lease features 9% rental escalations throughout the initial term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Franchisee & Personal guarantee

Location Description

Biggby Coffee is strategically located on East State Street, with access to 12,065 vehicles passing by daily. The property holds a prime location as it's the sole drive-through coffee spot on the eastern side of the river. Additionally, the site is situated less than 2 miles from both Crown Battery’s Manufacturing Facility and Kraft Heinz Manufacturing and Distribution Facility. Furthermore,...

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Key Features

  • New construction

  • New prototype

  • Build to suit

  • Near major nationals

  • Strategically located

  • Strong tenant synergy

  • Top 100 MSA

  • Absolute NNN

  • Long 10+ yr lease

  • Personal guarantee

    • ...

Links

Biggby Coffee Wikipedia Biggby Coffee Wikipedia Fremont, Ohio Zip Code 43420 Broker Site Page

Documents

Download OM

Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Biggby Coffee
  • Guarantor:Franchisee
  • Company:Biggby Coffee
  • # Units:370
  • Stock:Private

About Tenant

Biggby Coffee (pronounced "Big B") is an American coffeehouse franchise. Biggby offers customers signature coffees, teas and herbal teas, made-to-order beverages, assorted food, smoothies, and...


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Listing Broker

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