21330 Center Ridge Rd - Fast Food FOR SALE
Rocky River, OH 44116 |
$5,133,000 USD
216-264-2000
21330 Center Ridge Rd
Rocky River, OH 44116
HIGHLIGHTS
- Raising Cane’s Absolute NNN Corporate Lease with 10.5 Years Remaining
- 5.25% CAP / 5.78% CAP in 2030 – 10% Increases Every 5 Years
- 20,000 Cars/Day on Center Ridge Corridor; Neighbored by Target, Home Depot, Lowe’s, Kohl’s, ALDI
- Absolute NNN Lease – Zero Landlord Responsibilities
- Corporate Purchased Unit in 2021 from Franchisee – Substantial Investment into Continued Success
- 2020 Construction / Large 1.24-Acre Parcel / Excellent Visibility and Two Points of Ingress/Egress
FOR SALE DETAILS
PRICE
$5,133,000 USD
PRICE/SF
$1,502 USD /SF
CAP RATE
5.25%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Raising Cane's Corp Abs NNN | 10.5 Yrs Remain
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Fast Food
ADD'L SUBTYPES
Freestanding
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2020
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
1.24 AC
LAND SF
54,014 SF
ZONING
GB
APN/PARCEL ID
303-22-013,303-22-018
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216-264-2000
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216-264-2000
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