12380 Pearl Rd - Fast Food FOR SALE
Strongsville, OH 44136 |
$2,917,000 USD
402-730-6021
12380 Pearl Rd
Strongsville, OH 44136
HIGHLIGHTS
- LONG -TERM LEASE - Brand new 20-year Absolute NNN lease with attractive 7.50% rental escalations every 5 years
- OPERATOR | TENANT - Ram-Z Custard, LLC owns & operates 69 locations, which include 34 Freddy’s restaurants
- 6th largest Freddy’s franchisee in the U.S.
- HIGH TRAFFIC COUNTS/VISIBILITY - Positioned on a large ±1.13-acre lot with great access/visibility on US-58/ Pearl Rd
- 2024 VERY AFFLUENT DEMOGRAPHICS: Population: 136,009 & Average Household Income: $128,245
FOR SALE DETAILS
PRICE
$2,917,000 USD
PRICE/SF
$725 USD /SF
CAP RATE
6%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
FREDDY'S - (69 UNIT GUARANTY)STRONGSVILLE, OH
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Fast Food
ADD'L SUBTYPES
Bank, Freestanding, Restaurant
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2021
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
1.13 AC
LAND SF
49,223 SF
ZONING
C
APN/PARCEL ID
392-28-011
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402-730-6021
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402-730-6021
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