432 Main Street - Fast Food FOR SALE


Grafton, OH 44044
$1,866,425 USD
503-307-0382
432 Main Street, Grafton, OH for Sale
$1,866,425 USD
Fast Food - FOR SALE
1/5
null | 6% Cap Rate

432 Main Street
Grafton, OH 44044


HIGHLIGHTS

  • LONG-TERM COMMITMENT
  • TOP 4 TACO BELL OPERATOR | NEARLY 40 YEARS OF EXPERIENCE
  • MIDVIEW SCHOOL DISTRICT | 4 SCHOOLS 2,500+ STUDENTS
  • 700+ HOUSING UNITS UNDER DEVELOPMENT | ALL WITHIN 5 MILES
  • CLEVELAND MSA (30 MILES FROM DOWNTOWN)
  • BRAND RESILIENCY

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,866,425 USD

PRICE/SF

$778 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Taco Bell

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.05 AC

LAND SF

45,738 SF

ZONING

GB

APN/PARCEL ID

11-00-099-000-425

ASK ABOUT THIS PROPERTY

Matt LipsonNorthmarqMore Info
503-307-0382

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Matt LipsonNorthmarqMore Info
503-307-0382

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.