Freddy's NNN Lease
12380 Pearl Rd, Strongsville, OH 44136
NNN leased Freddy's with 18 years remaining on lease.
Type:Retail
Property size:
3,103 SFLot size:
1.13 AcresPrice / SF:
$786/SF- Added:
- Mar 2, 2026
- Days on Market:
- 71
- Last Refresh:
- Mar 16 at 1:58 pm
Property Features for 12380 Pearl Rd
General Information
- Standard status
- Active
- Size
- 3,103 SF
- Lot size
- 1.13 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 2021
Listing agent Justin Zahn License #SA545840000
Listing office Commercial Investment Advisors (CIA) Scottsdale
Listing date Mar 2, 2026
Source Crexi
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All listing content including descriptions, pricing, images are the copyrighted material of Commercial Investment Advisors (CIA) Scottsdale
HighLights
- Absolute NNN lease with 18 years remaining, featuring attractive 7.50% rental escalations every 5 years.
- Tenant is a large, experienced multi‑concept franchisee (Ram‑Z Custard, LLC) with 83 total units guaranteeing the lease.
- Located on a large ±1.13‑acre lot with excellent access and visibility on US‑58/ Pearl Rd (25,348 CPD).
- Positioned in a strong retail corridor with numerous national retailers within 5 miles.
- Built in 2021.
- Proximity to Baldwin Wallace University (3,318 students) and Southwest General Middleburg Medical Center (358 beds).
Overview
This property is leased to Freddy's with 18 years remaining on an absolute NNN lease, featuring attractive 7.50% rental escalations every 5 years and four 5-year options to renew. The tenant, Ram-Z Custard, LLC, is an experienced multi-concept owner/operator with 42 Freddy’s restaurants (including those currently under construction), making it the 6th largest Freddy’s franchisee in the U.S., 34 Schlotzsky’s locations (the largest Schlotzsky’s franchisee in the country), and 7 Popeyes locations in Alabama, totaling 83 units with a guaranty backing the lease performance. The asset is positioned on a large ±1.13-acre lot with access and visibility on US-58/ Pearl Rd, a main north/south thoroughfare in Strongsville, with traffic counts of 25,348 CPD. Retailers within 5 miles include Costco, Walmart, Target, BJ’s, Home Depot, Lowe’s, Hobby Lobby, Kohl’s, Marshalls, T.J. Maxx, Gabe’s, Dick’s Sporting Goods, Old Navy, Sierra, Best Buy, Big Lots, Ulta Beauty, Joann Fabric, Party City, OfficeMax, Petco, Harbor Freight Tools, ALDI, Giant Eagle Supermarket, Marc’s Grocery, Heinen’s Grocery, and Market District Supermarket, and Cinemark. It is located 4 miles from Baldwin Wallace University, a liberal arts-based college with 3,318 students (Fall 2024), and 5 miles from Southwest General Middleburg Medical Center, a 358-licensed bed acute care hospital serving the greater Cleveland area.
Location Intelligence
Current Use by Public Records
Conventional restaurants
Location Insight
- Map
- Local Demand
- City
- Strongsville
- County
- Cuyahoga
- State
- Ohio
- Longitude
- -81.8313
- Latitude
- 41.3129
Nearby Similar for Sale
FAQs
What type of property is this?
Conventional restaurant - NNN leased Freddy's with 18 years remaining on lease.
Where is this conventional restaurant located?
The property is located at 12380 Pearl Rd Strongsville, OH.
What is the asking price?
The asking price for this property is $2,440,000.
What are key features of this property?
This property features: Absolute NNN lease with 18 years remaining, featuring attractive 7.50% rental escalations every 5 years.; Tenant is a large, experienced multi‑concept franchisee (Ram‑Z Custard, LLC) with 83 total units guaranteeing the lease.; Located on a large ±1.13‑acre lot with excellent access and visibility on US‑58/ Pearl Rd (25,348 CPD).
