Biggby Coffee 426 E State St
492 SF Retail Building Fremont, OH 43420 $299,867 ($609.49/SF) 6% Cap Rate
INVESTMENT HIGHLIGHTS
- Bite Size Deal
- Strategic Location
- Zero Landlord Responsibility
EXECUTIVE SUMMARY
Proven and Fast Growing Brand
- Biggby Coffee currently has over 300 locations in the US
- Biggby was named fastest growing coffee chain in America by CNBC in 2011
Attractive Lease Fundamentals
- 10% rental increases ever 5 years including option
- Three (3) - five (5) year options
- Zero LL responsibilities
New Construction
- 2022 Construction
- New prototype, drive through only Biggby Coffee
Strategic Location
- Positioned on Fremont’s main commuter and commercial corridor, E. State St (12K VPD)
- Only drive through coffee location on the eastern side of the River, providing immediate market share
- Approximately 8.8k people live in a 1-mile radius
Nearby Industrial Employers (Built In Customer Base)
- Less than 2-miles to Crown Battery’s 215k SF manufacturing facility and Kraft Heinz 403K SF Manufacturing and Distribution Facility
- Over 2.8MSF of Industrial Space is located within a two mile radius
Bite Size Deal
- Low ground rent provides cheap basis in the Real Estate
- Biggby Coffee currently has over 300 locations in the US
- Biggby was named fastest growing coffee chain in America by CNBC in 2011
Attractive Lease Fundamentals
- 10% rental increases ever 5 years including option
- Three (3) - five (5) year options
- Zero LL responsibilities
New Construction
- 2022 Construction
- New prototype, drive through only Biggby Coffee
Strategic Location
- Positioned on Fremont’s main commuter and commercial corridor, E. State St (12K VPD)
- Only drive through coffee location on the eastern side of the River, providing immediate market share
- Approximately 8.8k people live in a 1-mile radius
Nearby Industrial Employers (Built In Customer Base)
- Less than 2-miles to Crown Battery’s 215k SF manufacturing facility and Kraft Heinz 403K SF Manufacturing and Distribution Facility
- Over 2.8MSF of Industrial Space is located within a two mile radius
Bite Size Deal
- Low ground rent provides cheap basis in the Real Estate
PROPERTY FACTS
Sale Type
Investment NNN
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
492 SF
Building Class
C
Year Built
2022
Price
$299,867
Price Per SF
$609.49
Cap Rate
6%
NOI
$17,992
Tenancy
Single
Building Height
1 Story
Building FAR
0.02
Lot Size
0.50 AC
Zoning
Commercial
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 34-50-00-0481-00 | Improvements Assessment | $44,800 |
| Land Assessment | $19,010 | Total Assessment | $63,810 |
