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JUST SOLD | NNN Five Guys, Sold for 98.5% of List Price - $1,325,000 | Absolute NNN | 6.4% Cap RateKent, Ohio
    • Price$1,325,000
    • StatusSold

      About This Property

      Kyle Hartung of Goodman Real Estate Services Group LLC recently brokered the $1,325,000 sale of the freestanding Five Guys restaurant located in Kent, Ohio. Hartung exclusively represented the seller of the property and achieved a sales price equal to 98.5% of the list price. The buyer was a private 1031 exchange investor from California.

      The property is an absolute triple-net leased Five Guys restaurant located directly across the street from Kent State University in Kent, Ohio. This lease is 100% free of landlord obligations and, with the strong guaranty and length of lease, made a perfect 1031 candidate. Additionally, there are over 26,000 students and faculty at Kent State within walking distance to the property, making this a long-term A+ piece of real estate.

      Goodman Real Estate Services Group is a commercial real estate brokerage company specializing in marketing or acquiring real estate for its clients. Kyle Hartung is the Director of Investment Sales and can be reached at 216.381.8200, Ext. 205 and looks forward to discussing any investment sales needs, whether you are interested in selling, acquiring, or evaluating the current position of your property.

      Kent, Ohio

      Thank you for your inquiry.

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