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Arby's Ground Lease 7542 Broadview Rd

2,332 SF Retail Building Parma, OH 44131 £1,518,212 (£651/SF) 5.50% Net Initial Yield

INVESTMENT HIGHLIGHTS

  • +/- 19 Years Remaining on Absolute Triple-Net (NNN) Ground Lease - Relocation Store
  • 170,348 Residents within a 5-Mile Radius
  • Near Corner Visible to More Than 32,000 Cars per Day at the Corner of Pleasant Valley Rd and Broadview Rd
  • 10% Increases Every 5 Years
  • Outparcel to TJ Maxx and Acme Market Anchored Shopping Center
  • Over 72,000 Households within a 5-Miles Radius

DATA ROOM Click Here to Access

  • Offering Memorandum

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Retail
Building Size
2,332 SF
Building Class
C
Year Built
2023
Price
£1,518,212
Price Per SF
£651
Net Initial Yield
5.50%
NOI
£83,506
Tenancy
Single
Number of Floors
1
Building FAR
0.07
Lot Size
0.82 AC
Frontage
116 ft on Broadview Road

AMENITIES

  • Drive Thru
1 of 1

NEARBY MAJOR RETAILERS

Bonchon
Planet Fitness
Acme Fresh Market
Keybank
7 Brew Coffee
Starbucks
Burn Boot Camp
Citizens Bank
Fifth Third Bank
Giant Eagle

PROPERTY TAXES

Parcel Number 453-18-002 Improvements Assessment £1,705,901
Land Assessment £7,599,014 Total Assessment £9,304,915

PROPERTY TAXES

Parcel Number
453-18-002
Land Assessment
£7,599,014
Improvements Assessment
£1,705,901
Total Assessment
£9,304,915
(602) 687-6766

CONTACTS

  • Listing ID: 33323216

  • Date on Market: 23/09/2024

  • Last Updated:

  • Address: 7542 Broadview Rd, Parma, OH 44131

The Parma Retail Property at 7542 Broadview Rd, Parma, OH 44131 is currently available. Contact Marcus & Millichap for more information.

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Arby's Ground Lease | 7542 Broadview Rd
(602) 687-6766 x

Arby's Ground Lease | 7542 Broadview Rd

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Mark Ruble

(602) 687-6766

(602) 687-6766

Christopher Lind

(602) 687-6780

(602) 687-6780

Zack House

(602) 687-6650

(602) 687-6650

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