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FREDDY'S - STRONGSVILLE, OH 12380 Pearl Rd

3,103 SF Retail Building Strongsville, OH 44136 £2,284,886 (£736/SF) 6% Net Initial Yield

Investment Highlights

  • LONG -TERM LEASE - Brand new 20-year Absolute NNN lease with attractive 7.50% rental escalations every 5 years
  • 6th largest Freddy’s franchisee in the U.S.
  • 2024 VERY AFFLUENT DEMOGRAPHICS: Population: 136,009 & Average Household Income: $128,245
  • OPERATOR | TENANT - Ram-Z Custard, LLC owns & operates 69 locations, which include 34 Freddy’s restaurants
  • HIGH TRAFFIC COUNTS/VISIBILITY - Positioned on a large ±1.13-acre lot with great access/visibility on US-58/ Pearl Rd

Executive Summary

(Building & Land) Fee Simple

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,103 SF
Building Class
C
Year Built
2021
Price
£2,284,886
Price Per SF
£736
Net Initial Yield
6%
NOI
£137,077
Tenancy
Single
Number of Floors
1
Building FAR
0.06
Lot Size
1.13 AC
Zoning
C

Amenities

  • Restaurant
  • Signage
  • Drive Thru

Links

1 of 1

Nearby Major Retailers

Valley Storage
Goldfish Swim School
Hot Head Burritos
Huntington National Bank
Citizens Bank
TGI Fridays
Heinen's
Starbucks
CrossFit
City Barbeque

PROPERTY TAXES

Parcel Number 392-28-011 Improvements Assessment £162,519
Land Assessment £119,148 Total Assessment £281,667

PROPERTY TAXES

Parcel Number
392-28-011
Land Assessment
£119,148
Improvements Assessment
£162,519
Total Assessment
£281,667
(402) 730-6021

Contact

  • Listing ID: 34192774

  • Date on Market: 13/12/2024

  • Last Updated:

  • Address: 12380 Pearl Rd, Strongsville, OH 44136

The Retail Property at 12380 Pearl Rd, Strongsville, OH 44136 is currently available for sale. Contact Commercial Investment Advisors, INC for more information.

Retail PROPERTIES IN NEARBY NEIGHBOURHOODS

Nearby Listings

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12380 Pearl Rd, Strongsville, OH for sale Building Photo- Image 1 of 11
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12380 Pearl Rd, Strongsville, OH for sale Building Photo- Image 2 of 11
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12380 Pearl Rd, Strongsville, OH for sale Building Photo- Image 3 of 11
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12380 Pearl Rd, Strongsville, OH for sale Building Photo- Image 4 of 11
FREDDY'S STRONGSVILLE OH7
12380 Pearl Rd, Strongsville, OH for sale Building Photo- Image 5 of 11
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12380 Pearl Rd, Strongsville, OH for sale Building Photo- Image 6 of 11
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12380 Pearl Rd, Strongsville, OH for sale Building Photo- Image 7 of 11
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12380 Pearl Rd, Strongsville, OH for sale Building Photo- Image 8 of 11
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12380 Pearl Rd, Strongsville, OH for sale Building Photo- Image 9 of 11
FREDDY'S STRONGSVILLE OH2
12380 Pearl Rd, Strongsville, OH for sale Building Photo- Image 10 of 11
FREDDY'S STRONGSVILLE OH4

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© 2024 CoStar Group

FREDDY'S - STRONGSVILLE, OH | 12380 Pearl Rd
(402) 730-6021 x

FREDDY'S - STRONGSVILLE, OH | 12380 Pearl Rd

Kendall Carlsen

(402) 730-6021

(402) 730-6021

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