Taco Bell,
Hubbard, OH Investment Summary
| Price | $1,655,000 |
| Cap Rate | |
| NOI | |
| Lease Term | 20 Years With 14+ Years Remaining |
| Lease Type | Absolute NNN lease, With Tenant Responsible For All Taxes, Insurance, And Maintenance, Including, Roof, Structure, And Parking Lot |
| Rental Increases | 1.5% Annually |
| Year Built | 2014 |
| Building Size | 2,010 SF |
| Lot Size | 0.60 Acres (26,136 SF) |
| Status | Sold |
| Lead Brokers | Vincent Aicale Cushman & Wakefield 415.690.5522 vince.aicale@cushwake.com CA RE License #01728696 Ryan Forsyth Cushman & Wakefield 415.413.3005 ryan.forsyth@cushwake.com CA RE License #01716551 Michael T. Yuras, CCIM Cushman & Wakefield 415.481.0788 michael.yuras@cushwake.com CA RE License #01823291 Scott Crowle Senior Director 415.604.4288 scott.crowle@cushwake.com CA RE License #01318288 |
Investment Highlights
LONG-TERM ABSOLUTE NNN LEASE
» 14-year absolute NNN lease with no landlord management, providing an ideal investment for an out-of-area investor
» Rare annual rental increases, providing an excellent hedge against inflation
HIGH-TRAFFIC LOCATION IN DENSE RETAIL CORRIDOR
» Excellent visibility and access to 14,440 vehicles per day directly in front of the property on West Liberty Street
» Convenient access to Interstate 80 (33,319 AADT)
» Located along U.S. Route 62, the only east-west interstate highway connecting Canada and Mexico
CENTRAL LOCATION NEAR LARGE SCHOOLS AND COMMUNITY ATTRACTIONS
» Immediate access to Hubbard High School (609 students), Hubbard Elementary School (681 students), and Reed Middle School (650 students)
» Surrounded by strong mix of local and national retailers, including Subway, O’Reilly Auto Parts, Dairy Queen, CVS Pharmacy, Pizza Hut, Napa Auto Parts, Walgreens, Rite Aid, Marco’s Pizza, and many more
» Within three miles of Doughton Country Club, Pine Lakes Golf Club, and Deer Creek Golf Course
Property Description
SOLD
The property is conveniently located on West Liberty Street, the primary economic and retail corridor in Hubbard, with excellent visibility and access to 14,440 vehicles per day directly in front of the property. The location has convenient access to Interstate 80, which experiences a high traffic count of 33,319 AADT. Visibility is increased by the site’s location along U.S. Route 62, the only east-west interstate highway connecting Mexico and Canada.
The property benefits from its close proximity to multiple schools, as the location has immediate access to Hubbard Elementary School (681 students), Reed Middle School (650 students), and
Hubbard High School (609 students). The site is supported by a strong mix of surrounding local and national retailers, including Subway, O’Reilly Auto Parts, Dairy Queen, CVS, Pizza Hut, Napa
Auto Parts, Walgreens, Rite Aid, Marco’s Pizza, and many more. The property is also within walking distance of a Dollar General-anchored shopping center. The location resides within a three-mile radius of Doughton Country Club (18-hole, par 70 course), Pine Lakes Golf Club (18-hole, par 71 course), and Deer Creek Golf Course (18-hole, par 71 course).
