Absolute NNN Retail
12380 Pearl Rd Strongsville, OH 44136
For Sale
Contact for pricing
Absolute NNN leased retail on 1.13-acre lot with a new 20-year term and 7.5% escalations every five years.
Property Size3,145 SF
Lot Size1.13 Acres
Days on Market559
Property Features for 12380 Pearl Rd
General Information
Standard status
Active
Size
3,145 SF
Lot size
1.13 Acres
Property subtype
RETAIL
Listing Agency:
Goodman Real Estate
(330) 618-2864
Listed By:
Michael Weiss
(330) 618-2864
Source:
Moodyscre
Added: Jan 15, 2025
Changed: Jul 25
Last Checked: Jul 27 at 10:44AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Goodman Real Estate
Investment Insights
Based on property information with market context.
This is a retail NNN property secured by a long-term, brand new 20-year absolute NNN lease. The lease features 7.50% rental escalations every five years and includes four additional 5-year renewal options.
The property is positioned for access and visibility on US-58/Pearl Rd, identified as a main north/south thoroughfare in Strongsville, with reported traffic counts of 25,348 vehicles per day. The current operator/tenant is Ram-Z Custard, LLC, which owns and operates 69 locations, including 34 Freddy’s restaurants and 35 Schlotzsky’s locations.
The offering notes that the lease performance is backed by the tenant’s operations, and highlights 2024 affluent demographics with a population of 136,009 and average household income of $128,245.
The property is positioned for access and visibility on US-58/Pearl Rd, identified as a main north/south thoroughfare in Strongsville, with reported traffic counts of 25,348 vehicles per day. The current operator/tenant is Ram-Z Custard, LLC, which owns and operates 69 locations, including 34 Freddy’s restaurants and 35 Schlotzsky’s locations.
The offering notes that the lease performance is backed by the tenant’s operations, and highlights 2024 affluent demographics with a population of 136,009 and average household income of $128,245.
Key Highlights
- Brand new 20‑year absolute NNN lease with 7.50% rental escalations every 5 years plus four 5‑year renewal options
- Located on a large ±1.13‑acre lot with access and visibility on US‑58 / Pearl Rd in Strongsville
- Traffic counts of 25,348 vehicles per day (cpd) on US‑58 / Pearl Rd
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
NNN property - Absolute NNN leased retail on 1.13-acre lot with a new 20-year term and 7.5% escalations every five years.
Where is this nnn property located?
The property is located at 12380 Pearl Rd Strongsville, OH.
What are key features of this property?
This property features: Brand new 20‑year absolute NNN lease with 7.50% rental escalations every 5 years plus four 5‑year renewal options; Located on a large ±1.13‑acre lot with access and visibility on US‑58 / Pearl Rd in Strongsville; Traffic counts of 25,348 vehicles per day (cpd) on US‑58 / Pearl Rd
