Absolute NNN Retail
For Sale
Contact for pricing
12380 Pearl Rd, Strongsville, OH 44136
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 Market604
Property Features for 12380 Pearl Rd
General Information
Standard status
Active
Size
3,145 SF
Lot size
1.13 Acres
Property subtype
RETAIL
Lease Type
NNN
Additional Details
Lease Term
240 months
Traffic Count
25,348 vehicles/day
Listing Agency:
Goodman Real Estate
(216) 381-8200
Listed By:
Michael Weiss · License #SAL.2005002088
(330) 618-2864
Source:
Moodyscre
Added: Jan 15, 2025
Changed: Aug 15
Last Checked: Sep 11 at 4:49AM
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
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
25,348 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
897
Businesses Nearby
Explore this area
Business Placement
Demographics for 44136, OH
25,890
Population
11,019
Households
2.3
Avg Household Size
45
Median Age
46%
College-Educated
94%
High-School Grad
13.5 sq mi
ZIP Area
1,918
Density / Sq Mi
$93,713
Median Household Income
$55,616
Median Earnings
$1,264
Median Rent
$271,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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
