8810 Pearl Rd - Fast Food FOR SALE


Strongsville, OH 44136
$2,413,000 USD
510-289-1166
8810 Pearl Rd, Strongsville, OH for Sale
$2,413,000 USD
Fast Food - FOR SALE
1/3
null | 5.5% Cap Rate

8810 Pearl Rd
Strongsville, OH 44136


HIGHLIGHTS

  • Brand New 15-Year Absolute NNN Corporate Ground Lease to Dunkin’ with Scheduled 10% Rental Escalations throughout Primary Term
  • Corporate Guaranty from Parent Company - Dunkin Holding Company
  • Brand New Highly-Functional 2024 Construction with Double Drive-Thru Component
  • Population of 156,315 within a 5 Mile Radius & Average Household Income of $108,997 within 3 Miles of Site
  • Neighboring Walmart Draws 3.3 Million Annual Visits per Year, Per Placer.Ai - Top 5% Location in Ohio for Walmart & Top 15% Location Nationwide
  • Approximately 16 Miles from Downtown Cleveland

OVERVIEW

The subject property is prominently located with excellent access and visibility at the intersection of Whitney Road (9,070 AADT) and Pearl Road (31,895 AADT) adjacent to its intersection with I-80/Ohio Turnpike (40,299 AADT) approximately 18 miles from downtown Cleveland. The site benefits from robust demographics with a population of 156,315 within a 5 mile radius. Average household income within 3 miles of the site is $108,997. The property benefits from a prominent retail location in close proximity to shopping centers, employers, and major retail tenants. Nearby retail centers include Crest Center, anchored by Walmart Supercenter (3.3 million annual visits, top 15% location nationwide, top 5% location in Ohio, per Placer.ai), Lowe’s Home Improvement (690,000 annual visits), and Discount Drug Mart; Southland Shopping Center (4.5 million annual visits), featuring Petco, State Liquor Agency, Dollar Tree, & Tuesday Morning; Middleburg Heights Plaza, anchored by Gabe’s; Pearl Road Shopping Center (589,900 annual visits), anchored by Harbor Freight Tools and Big Lots; The Greens of Strongsville (3.5 million annual visits), featuring Target & Heinen’s Grocery Store; The Plaza at SouthPark (5 million annual visits), anchored by Costco; Southpark Mall (3.3 million annual visits), anchored by Macy’s, Dillard’s, and Kohl’s; and Strongsville Plaza (450,000 annual visits), anchored by Rite Aid. In addition, the property is located approximately 3 miles from Southwest General Middleburg Medical Center, a 233-bed hospital employing approximately 2,748. The site is approximately 3 miles from Baldwin Wallace University, with approximately 3,504 students enrolled, and 5 miles from the Western Campus of Cuyahoga Community College. The property is situated approximately 6 miles from the Cleveland Hopkins International Airport, Ohio’s busiest airport with more than 10 million passengers per year. In Association with ParaSell, Inc. | A Licensed Ohio Broker #REC.2020005946

FOR SALE DETAILS

PRICE

$2,413,000 USD

PRICE/SF

$1,297 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dunkin' Ground Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,681 SF

ZONING

-

APN/PARCEL ID

395-06-009

ASK ABOUT THIS PROPERTY

Putnam DailyFisher James CapitalMore Info
510-289-1166

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Putnam DailyFisher James CapitalMore Info
510-289-1166

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