Five Guys - 20-Year NNN Sale Leaseback
For sale to qualified investors is a 20 year absolute triple net sale lease-back with Five Guys in Mentor, Ohio. Situated on 1 acre of prime land at the entrance to a nearly 200,000 SF Meijer grocery store, this investment provides 20 years of guaranteed base term plus increases in and unbeatable location. The franchisee is one of the top in the chain and operates 25 Five Guys with continued annual growth. The lease will be guaranteed by the parent company owning all 25+ locations. Additionally, with low rent of $82,500 per year ($26 psf), this is also a value play as rents for similar freestanding buildings consistently exceed $35 psf in this corridor. The building itself has an outdoor patio and is drive thru accessible if desired in the future. The property is situated in one of the most dynamic commercial markets in all of Ohio. Nearby businesses include the LakeHealth Medical and Surgery Center, UH Medical Center, Memorial Middle School, Chipotle, Panda Express, Panera, Brueggers, Starbucks, Applebee’s, Bob Evans, Taco Bell, Meijer, Walmart, Petsmart, Walgreens, Lowe’s, Dick’s, Kohl’s, Homegoods, and many more.