Freestanding Drive-Through
New
For Sale
$2,320,000
12910 Buckeye Rd, Cleveland, OH 44120
A new absolute NNN lease places property-level operating responsibilities with the tenant.
Property Size2,130 SF
Lot Size0.49 Acres
Price / SF$1,089
Days on Market3
Property Features for 12910 Buckeye Rd
General Information
Standard status
Active
Size
2,130 SF
Lot size
0.49 Acres
Property subtype
Restaurant
Lease Type
Absolute Net
Net Operating Income
$145,000
Site & Location
Drive-Thru
Yes
Traffic Count
9,089 vehicles/day
Road Access
Yes
Additional Details
Cap Rate
6.25%
Amenities
New 20-Yr Absolute NNN Lease | Zero Landlord Responsibilities
Scheduled 10% Rent Increases Every 5 Years | Four 5-Yr Options
13-Unit Popeyes Franchisee Guaranty
Tenant Plans to Remodel to Latest Popeyes Prototype in 2028 at Its Own Expense
Signalized Corner of Buckeye Rd (±9,089 VPD) and E 130th St
Near Historic Shaker Square w/ CVS, PNC, Family Dollar, and McDonald's Nearby
$1.2M City Grant, $4.5M Streetscape Refresh, and $35M HUD Choice Neighborhood Nearby
Located Within the 2.19M-Resident Cleveland MSA
Building Details
Building Size
2,130 SF
Buildings
1
Tenancy
Single
Listing Agency:
Los Angeles Office
(310) 909-5500
Listed By:
Jason Fefer · License #CA: 02100489
(310) 909-2394
Source:
Marcusmillichap
Added: Oct 20
Changed: Oct 21
Last Checked: Oct 21 at 2:23AM
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 Los Angeles Office
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Investment Insights
Based on property information with market context.
The freestanding restaurant contains ±2,130 square feet on ±0.49 acres. A new 20-year absolute NNN lease is scheduled to begin at closing, with four five-year renewal options and scheduled 10% rent increases every five years. The lease is guaranteed by a 13-unit Popeyes franchisee. The tenant plans to remodel the property to the current Popeyes prototype in 2028 at its expense.
At 12910 Buckeye Road, the property occupies the signalized intersection of Buckeye Road and East 130th Street, with reported traffic of ±9,089 VPD on Buckeye Road. Nearby businesses include Family Dollar, Sunoco, McDonald’s, CVS, and PNC; Shaker Square is also nearby. The five-mile trade area has 152,536 residents and 295,548 workers. Case Western Reserve University, Cleveland Clinic Main Campus, and UH Cleveland Medical Center are among the area’s major institutions.
At 12910 Buckeye Road, the property occupies the signalized intersection of Buckeye Road and East 130th Street, with reported traffic of ±9,089 VPD on Buckeye Road. Nearby businesses include Family Dollar, Sunoco, McDonald’s, CVS, and PNC; Shaker Square is also nearby. The five-mile trade area has 152,536 residents and 295,548 workers. Case Western Reserve University, Cleveland Clinic Main Campus, and UH Cleveland Medical Center are among the area’s major institutions.
Key Highlights
- ±2,130‑square‑foot restaurant on ±0.49 acres
- New 20‑year absolute NNN lease with four five‑year renewal options
- Lease guaranteed by a 13‑unit Popeyes franchisee
Property Analytics
Current Use
Lease Details
9,089 VPD
Traffic count
Single-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
672
Businesses Nearby
Explore this area
Business Placement
Demographics for 44120, OH
34,611
Population
20,583
Households
1.7
Avg Household Size
40
Median Age
37%
College-Educated
90%
High-School Grad
5.2 sq mi
ZIP Area
6,656
Density / Sq Mi
$46,326
Median Household Income
$36,549
Median Earnings
$890
Median Rent
$115,700
Median Home Value
Market
Vacancy Rate% for Retail in Cleveland, OH
Frequently Asked Questions
What type of property is this?
Drive through restaurant - A new absolute NNN lease places property-level operating responsibilities with the tenant.
Where is this drive through restaurant located?
The property is located at 12910 Buckeye Rd Cleveland, OH.
What is the asking price?
The asking price for this property is $2,320,000.
What are key features of this property?
This property features: ±2,130‑square‑foot restaurant on ±0.49 acres; New 20‑year absolute NNN lease with four five‑year renewal options; Lease guaranteed by a 13‑unit Popeyes franchisee
