Off Market
Stow, OH - Applebee's
4296 Kent Road | Stow, OH 44224
Description
SRS National Net Lease Group, LP is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN-leased Applebee’s property located in Stow, Ohio. The lease is guaranteed by Apple American Group LLC, the largest Applebee’s franchisee in the U.S., operating over 440 units and backed by Flynn Restaurant Group LP, one of the world’s largest franchise operators. With more than 7.5 years of term remaining and (2) five-year renewal options, the lease offers long-term income stability. Scheduled 7.5% rental increases every five years and at the beginning of each option period provide built-in NOI growth and a natural hedge against inflation. The absolute NNN structure, with zero landlord responsibilities, makes this an ideal, management-free investment for passive or out-of-state investors.
Location
The property is strategically positioned at the signalized hard corner of Kent Road (16,500 VPD), adjacent to Stow Community Center, a high-traffic Target-anchored shopping center attracting over 5.6 million annual visits. Surrounded by additional national retailers including Dick’s, Meijer, and ALDI, the site benefits from strong retail synergy and cross-shopping activity. It is also located within 10 minutes of Kent State University, a major public institution with over 25,000 students. The 5-mile trade area is home to more than 136,000 residents and 62,300 employees, with an average household income of $103,220. Just 13 minutes from Downtown Akron, the property further benefits from its location within the Akron MSA, a stable and diverse regional economy.