Popeyes NNN Property For Sale — Akron, OH
620 N Howard St, Akron, OH 44310
A freestanding Popeyes drive-thru at 620 North Howard Street in Akron, Ohio, is available for acquisition. This 2,520-square-foot restaurant is offered with a new 20-year sale-leaseback NNN lease, commencing at the close of escrow and featuring zero landlord responsibilities. The lease includes four five-year renewal options and provides consistent income growth with scheduled 10% rent increases every five years. The lease is operated and guaranteed by an established 13-unit Popeyes franchisee. The tenant is committed to remodeling the location at their own expense in 2028. The property is strategically located at the signalized intersection of North Howard Street (7,000 VPD) and Tallmadge Avenue (10,736 VPD), with convenient access to State Route 8 (100,071 VPD), Interstate 77, and Inter…
- Address: 620 N Howard St, Akron, OH 44310
- Asking price $1.50M
- 6.00% cap rate
- NOI $90,000
- 20 years remaining
- NNN lease
- Building size: 2,520 SF
- Rent increases: 10% every 5 years
- Guarantor: Corporate
Location
This Popeyes property is at 620 N Howard St in Akron, Ohio.
Asset type: Restaurant