About This Restaurant
Investment Highlights
Building: 2017 High-Quality Construction. Tenant: Casual and Healthy Food Chain with +57 Locations, Strong Personal Guaranty from Founder and Owner of CoreLife. Surrounded by Several K-12 Schools with 15,128 Students. Just East of Classic Park, Home to Cleveland Indians? Minor League Team. Lease: 9-Year Absolute NNN Lease, 10% Increases Every 5 Years. Minutes to Lake Health?s State-of-the-Art Medical Center with 2,200 Employees, 2.5 Miles to Lakeland Community College.
Executive Summary
Broker of RecordKyle MatthewsLicense No. REC.2022007141 (OH)(866) 889-0550Matthews Real Estate Investment Services, Inc1600 West End,Ste. 1500 Nashville, TN 37203
Property Details
- Sale Type Investment
- Property Type Retail
- Property Subtype Fast Food
- Building Size 3,925
- Building Class A
- LoopNet Rating 4 Star
- Year Built 2017
- Price 2,000,000
- Price Per SF 510
- Cap Rate 9.61
- NOI 192,218
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.12
- Land Acres 0.74 AC
Nearby Amenities & Transportation
| Retail | Villa Italian Kitchen | ||
| Retail | Sarku Japan | ||
| Retail | Planet Fitness | ||
| Retail | Asian Chao | ||
| Retail | Gloria Jean's Coffees | ||
| Retail | BJ's Restaurant & Brewhouse | ||
| Retail | Dollar Bank | ||
| Retail | Fitness First | ||
| Retail | Olive Garden Italian Rstrnt | ||
| Retail | KeyBank |
Property Taxes
| Parcel Number | 16-B-032-0-00-019 | Improvements Assessment | $237,650 |
| Land Assessment | $0 | Total Assessment | $237,650 |
| Date Created: | 2024-07-16 04:18:05 | Last Updated: | 2024-07-16 04:18:05 |
| Address: | 7809 Ave , Mentor, Ohio, 44060 | ||