Listed by SURMOUNT
$4,071,429
Hot Dog Shoppe
Details
Property Type Retail
Sub Type Restaurant
Square Footage 3,759
Cap Rate 7.00%
NOI $285,000
Tenancy Single
Lease Type NNN
Lease Term 20
Lease Expiration 03/31/2041
Remaining Term 15
Year Built 1964
Acreage 0.440
Tenant Credit Corporate Guarantee
Lease Commencement 04/01/2021
Ground Lease No
Ownership Fee Simple
About This Property
Marketing description
Surmount is pleased to present the exclusive listing for a Hot Dog Shoppe located at 740 West Market Street, Warren, OH. The property consists of approximately 3,759 square feet on a 0.44-acre parcel and is strategically positioned at a signalized corner intersection along one of the area’s primary commercial corridors. The asset is secured by a 20-year Triple Net (NNN) lease that commenced April 1, 2021, offering investors a passive ownership structure with minimal landlord responsibilities. The current annual rent of $285,000 features steady 1.50% annual increases, providing built-in income growth and long-term stability.
Investment highlights
- Signalized Corner With Strong Visibility | Strategically positioned at the hard corner of W Market St & Tod Ave NW (over 24,000 VPD), the property benefits from dual frontage, multiple points of ingress/egress, and excellent visibility to traffic traveling in both directions. This highly trafficked intersection enhances long-term real estate value and provides strong exposure for the tenant.
- Dense & Established Population Base | The property is supported by over 158,000 residents and more than 67,000 households within a 10-mile radius, providing a stable and reliable customer base. The surrounding population exhibits consistent trends, supporting long-term demand for quick-service dining and neighborhood-oriented retail.
- Surrounded By National Retailers | Positioned within a well-established retail corridor featuring national tenants such as Dunkin’, Family Dollar, Subway, and McDonald’s, the site benefits from strong cotenancy synergy. These nearby brands drive continuous consumer traffic and reinforce the area as a primary retail destination.
- Nearby Schools & Community Anchors | Located in close proximity to multiple Warren City School District campuses and community institutions serving thousands of students, the property benefits from consistent daily traffic patterns. These nearby anchors contribute to long-term demand and sustained activity throughout the week.
Listing Contacts
Listed by SURMOUNT
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$285,000.00
$23,750.00/mo
Valuation Metrics
0
DSCR
7%
Cap Rate
7%
ROI
Map
Zoning
CB CommercialSpecial CommercialCommercial B
View municipality zoning documents Upgrade to see the zone description and what's allowed on this property
Upgrade to search and view land use codes
View all 18 uses
View all 18 uses Last updated Apr 15, 2026 For deeper zoning details, reports are available at Zoneomics
Broker Selected Comps View More Comps
Property History
Similar Properties
Additional Information
Name
License
Brokerage
Title
Is there information that looks off?
