About This Restaurant
Investment Highlights
Prime Bite-Size Single-Tenant Investment Opportunity in Downtown Brecksville (Affluent Cleveland Suburb) 4-Unit Corporate Lease Entity/Guaranty; the Ayala Family (Along with Partners) Owns & Operates 28 Restaurants Around Northeast Ohio Minimal Landlord Responsibilities with 4% Management Fee taken out of NOI; 7.9% Cap Rate if Self-Managed Reported Extremely Strong Sales of $1.8 Million for 2023; Low 5% Rent-to-Sales Ratio Base Year Modified NNN Lease Structure Protects Landlord from NOI Slippage Due to any Future Tax or Insurance Increases Main & Main Location Just off the Intersection of Route 82 & Route 21 which sees a Combined 35,346 VPD
Executive Summary
Property Details
- Sale Type Investment NNN
- Property Type Retail
- Property Subtype Restaurant Restaurant General Retail Storefront General Retail Storefront Retail/Office Restaurant
- Building Size 3,524
- Building Class C
- Year Built/Renovated 1949/2021
- Price 989,000
- Price Per SF 281
- Cap Rate 7.50
- NOI 74,188
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.48
- Land Acres 0.17 AC
Amenities
- Signage
Nearby Amenities & Transportation
Retail | Chase Bank | ||
Retail | Pure Barre | ||
Retail | Citizens Bank | ||
Retail | Orangetheory Fitness | ||
Retail | Starbucks | ||
Retail | Heinen's Grocery | ||
Retail | U.S. Bank | ||
Retail | Fifth Third Bank | ||
Retail | Marc's | ||
Retail | Dollar Bank |
Property Taxes
Parcel Number | 601-34-080 | Improvements Assessment | $21,280 |
Land Assessment | $74,340 | Total Assessment | $95,620 |
Date Created: | 2024-07-16 04:18:04 | Last Updated: | 2024-07-16 04:18:04 |
Address: | 8934 Rd , Brecksville, Ohio, 44141 |