925 E Broad St
Elyria, OH 44035

CBRE IS PLEASED TO EXCLUSIVELY PRESENT FOR SALE this Jimmy John's property located on E Broad Street in Elyria, Ohio. Jimmy John's has been operating here since 2014 and will sign a new lease upon closing leaving just under 14 years remaining in the initial lease term. There are four, five year options to renew and attractive 10% rental increases throughout the base term of the lease and in the option periods. This is a high yield, passive investment with no landlord responsibilities. This 1,800 square foot Jimmy John's is situated on E Broad Street with excellent access and visibility for the combined traffic counts of 15,900 vehicles traveling by daily. The property was built in 2014 using Jimmy John's newest prototype with a drive-thru. The site is also located 0.2 miles Hwy 20 with traffic counts exceeding 31,000 vehicles per day. This is a densely populated area with over 9,830 people within 1 mile, over 57,175 people within 3 miles and over 98,704 people within 5 miles. Surrounding uses include Family Dollar, McDonald's, Advance Auto Parts, O'Reilly Auto Parts, Pizza Hut, NAPA Auto Parts and Speedway. This NNN long term lease with rental increases and a tenant with strong sales in a popular retail area provides the ideal investment for the astute investor.