Taco Bell 1590 Norton Rd 2,239 SF 4-Star Retail Building Stow, OH 44224 $3,636,731 CAD ($1,624.27 CAD/SF) 5.75% Cap Rate

Passov Group is pleased to present the opportunity to purchase Taco Bell in Stow, OH, comprising a newly constructed Taco Bell subject to an Absolute NNN Ground Lease with Pacific Bells, LLC, one of the largest Taco Bell franchisees in the United States. The Lease commenced in March 2026 with 24.6 Years remaining on the primary term with 1.75% Annual Rent Increases throughout the Lease Term and all five 5-year renewal options. The subject is located on 0.86 AC and improved with a 2,239 SF building at 1590 Norton Rd in Stow, Ohio.
The property is offered at $2,608,696 (5.75% cap rate), reflecting $150,000 in Annual Base Rent. The Property is positioned at a hard-corner, signalized intersection with traffic counts of 29,400 VPD within an established retail node Grocery-Anchored by Giant Eagle, which generates 1M+ annual visits and $51M in annual sales, ranking #1 of 17 Giant Eagles within 15 miles and in the top 10% of the format nationally.
Given this is a new construction asset subject to an Absolute NNN Ground Lease, the property requires zero deferred maintenance and offers investors a long runway before any capital investment is anticipated. The 1.75% Annual Rent Increases provide contractual income growth throughout the entire Lease Term, a meaningful distinction from the traditional 10% increases every five years commonly found across the NNN market. Pacific Bells operates 311+ Taco Bell locations across 11 states and has more than tripled its footprint since 2015.
Stow's growth story is supported by significant nearby investment. The subject is directly adjacent to The Amp, a new 2,500-seat outdoor amphitheater currently under construction, and sits within a planned 50+ acre DORA district with direct access to a new trail spur connecting the 34- mile regional Bike & Hike Trail. Immediately north, Industrial Realty Group is redeveloping the 130-acre, 1.4M SF former JOANN Inc. corporate headquarters into Hudson District, a mixed-use corporate, distribution and retail campus.
The surrounding employment base continues to expand as well. The Route 8 / Ohio Turnpike interchange industrial corridor has seen the recent delivery of 1.2M+ SF of speculative warehousing, with an additional 600,000 to 800,000 SF planned, adding to the daytime population and consumer demand supporting the corridor.
The broader Akron MSA provides the macro foundation. Anchoring the 3.6M+ population Cleveland-Akron-Canton CSA, the market generated $47.3B in GDP in 2023 with 6.2% year-over-year growth and is home to two Fortune 500 headquarters. The region's economy is anchored by 1,200+ polymer-related companies and 42,000 workers, alongside a healthcare sector contributing ~20% of the economy. Combined with a cost of living 15% below the U.S. average, that diversification and affordability provide a durable foundation supporting long-term investment performance.