Brew Kettle & Jimmy John’s
Retail | 7.25% CAP | 6,331 SqFt
Investment highlights
• Fully Occupied, 6,331 SF 2-Tenant Restaurant Offering in Highly Affluent Hudson, OH ($160K AHHI in 3-Mi)
• 7.82 Years Weighted Average Lease Term Remaining
• Brew Kettle (76% of GLA) – 15-Year NNN Lease thru July 2034
• Local Brewery & Restaurant Chain In Business Since 1994 with 6 Restaurants throughout Northeast Ohio
• Spacious, Modern Brewpub Build-Out with Roll-up Doors and Large Outdoor Patio Seating Area
• In-Place Since 2019; Highly Popular with Strong Google Reviews
• Lease Carries Corporate Guaranty and Personal Guaranty
• Jimmy John’s (24% of GLA) – Recently Exercised First 5-Year Option thru July 2029 at 10% Increase in Rent
• In-Place Since 2019 on NNN Lease
• 3 Individuals Secure Performance of Lease
• $154-160K AHHI in 1- & 3-Mi Radii; One of the Most Affluent & Desirable Cleveland/Akron Suburbs with Top-Tier Public & Private Schools
• Potential for Passive/Easy Management with Only 2 Tenants; 4% Third-Party Management Expense Underwritten in NOI
• High-Image 2015 Construction: All-Masonry Exterior with Elevated Building & Patio Height Provide Excellent Visibility, Signage & “Landmark” Appearance
• Adjacent to Chipotle & 2015-Built Luxury Townhome Development
• Located Amongst Hudson’s Downtown Area Just 0.3-Mile West of N Main Street and Hudson’s Prominent First & Main Development with Upscale Grocery, Apparel, Shops, Offices, and Restaurants
• Just off of Signalized Intersection at Route 303/W Streetsboro Street with 16,167 VPD – Major East-West Arterial and Daily Commuter Route
• Directly Across from Hudson Plaza Shopping Center with Acme Fresh Market, Hollywood Feed, Panera, Verizon, Chase Bank, McDonald’s, KeyBank, Fifth Third Bank and More
• Cleveland-Akron-Canton CSA – Home to a Population of 3.5 Million
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