TGI Fridays
1334 Bernath Parkway, Toledo, Ohio 43615
Pricing
Price: $2,592,740
Cap Rate: 6.75%
NOI: $175,010
Price Per SF: $312.08
Leasable Area: 8,308+ SF
Term Remaining: 10 Years
Year Built: 1981/2005
Occupancy: 100%
Lot Size: 2.45 Acres
Status: Available
Highlights
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Corporate Guarantee - Large Franchisee operator with TGI Fridays Corporate Guarantee, wih over 870 restaurants in 60 countires and 49 US states.
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Large Corner Lot - This location sits on a 2.45 acre parcel located at the corner of Bernath Parkway & Airport Highway, and boasts traffic counts above 27,000 VPD.
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Highly Populated Area - Highly populated area with over 278,000 residents withing a 5-mile radius of the subject property.
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Zero Landlord Responsibility - Absolute Triple Net Lease. There are Zero Management responsibilities, perfect for buyers looking for a “hands-off” investment.