Net-Leased Blue Habanero Mexican Restaurant 8934 Brecksville Rd

8934 Rd , Brecksville, Ohio, 44141 | 3,524 sq.f | $ 989,000

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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