12380 Pearl Rd Strongsville, OH
Long-term NNN lease with attractive escalations in Strongsville, OH.
Property size:
3,103 SFLot size:
6.85 AcresProperty Features for 12380 Pearl Rd
General Information
- Size
- 3,103 SF
- Lot size
- 6.85 Acres
Source:
Moodyscre
Listing Agent: Justin Zahn
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
NNN Restaurant Property For Sale
This property features a brand new 20-year absolute NNN lease with 7.50% rental escalations every 5 years and four 5-year options to renew. Positioned on a large ±1.13-acre lot, the property benefits from high traffic counts and visibility on US-58/Pearl Rd, a main north/south thoroughfare in Strongsville, with traffic counts of 25,348 CPD. The operator, RAM-Z Custard, LLC, owns and operates 69 locations, including 34 Freddy’s restaurants (making it the 6th largest Freddy’s franchisee in the U.S.) and 35 Schlotzsky’s locations (the largest Schlotzsky’s franchisee in the country, including those currently under construction). The property is located in an area with affluent demographics; the 2024 population is 136,009 with an average household income of $128,245. The property size is 3,103 square feet.
Location Intelligence
Current Use by Public Records
Drive through restaurants
Location Insight
- Map
- Local Demand
- City
- Strongsville
- County
- Cuyahoga
- State
- Ohio
- Longitude
- -81.8552196
- Latitude
- 41.3029994
Nearby Similar for Sale
FAQs
What type of property is this?
Drive through restaurant - Long-term NNN lease with attractive escalations in Strongsville, OH.
Where is this drive through restaurant located?
The property is located at 12380 Pearl Rd Strongsville, OH.
What is the asking price?
The asking price for this property is $2,800,000.
What are key features of this property?
This property features: - Brand new 20-year absolute NNN lease with rental escalations every 5 years and renewal options.; - High traffic location on US-58/Pearl Rd with 25,348 cars per day.; - Tenant is a large franchisee operating 69 locations.