The Northmarq National Restaurant Group is pleased to offer this exclusive single-tenant Taco Bell property for sale. Located in the Cleveland MSA, this investment offers a ground lease, Absolute NNN opportunity with a 20-year lease, and 4 x 5-year options thereafter. The asset features 10% rent increases every 5 years throughout the term and in options, providing significant passive income, and creating a hedge against inflation.
The property is located at 432 Main St, in Grafton, OH – only 30 minutes outside of downtown Cleveland. Grafton is quickly becoming a hub for recreational activity with numerous golf courses, public campgrounds, state parks, and more attracting weekend visitors from the broader Cleveland MSA. Additionally, Grafton is experiencing residential growth driven by expanding populations in Avon and Elyria, placing the property directly in the path of growth, just six miles from downtown Elyria.
The Taco Bell is operated by Pacific Bells, a top-tier franchisee with nearly 40 years of experience and a portfolio of over 270 locations nationwide – making it a Top 4 Taco Bell franchisee. Furthermore, Ohio ranks fourth in the nation for total number of Taco Bell locations, behind only California, Texas, and Florida, solidifying its status as a key market for the brand and its operators.