12380 Pearl Road
Strongsville (Cleveland), OH 44136
Freddy’s Drive Thru
| Offering Summary | |||
|---|---|---|---|
| Price | $2,727,272 | Cap Rate | 5.50% |
| NOI | $150,000.00 | Rentable SF | 3,145 SF |
| Lot Size | 1.07 +/- Acres | Year Built | 2022 |
| Lease Type | Absolute NNN | Lease Term | 20 Years |
Investment Highlights
- Brand New 2022 Construction w/ Latest Drive-Thru Prototype
- 20-Year Abs NNN Lease w/ 7.50% Increases Every 5-Years
- 140,000 Residents within 5-Miles of Subject Property
- Located in Dense Retail Trade Area Immediately off Interstate-71 &
Royalton Road (Over 120,000 Vehicles Per Day) - Traffic Counts Exceed 20,000 Vehicles Per Day on Pearl Road
- Average Household Income Exceeds $102,000 (5-Mile Radius)
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For More Information, Please Contact:
John R Wertz
Managing Principal
(619) 218-6427
jwertz@wertzrealestate.com
Greg LaBarre
Vice President
(619) 997-1242
glabarre@wertzrealestate.com