Freestanding Popeyes
For Sale
Contact for pricing
Pending
14747 Lorain Avenue, Cleveland, OH 44111
Freestanding Popeyes Louisiana Kitchen drive-thru with a long-term 20-year NNN sale-leaseback structure.
Property Size2,940 SF
Days on Market55
Property Features for 14747 Lorain Avenue
General Information
Standard status
Pending
Size
2,940 SF
Property subtype
Retail
Occupancy
100%
Lease Type
NNN
Net Operating Income
$152,000
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1987
Tenancy
Single
Listing Agency:
Marcus & Millichap - Los Angeles
Listed By:
Jason Fefer · License #CA 02100489
(310) 909-5500
Source:
Crexi
Added: Jul 13
Changed: Sep 4
Last Checked: Sep 4 at 9:15PM
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 Marcus & Millichap - Los Angeles
Investment Insights
Based on property information with market context.
This freestanding Popeyes Louisiana Kitchen drive-thru is offered as a new 20-year NNN sale-leaseback with zero landlord responsibilities. The arrangement is guaranteed by an experienced Popeyes franchisee and includes scheduled 10% rent increases every five years, along with four five-year renewal options.
The property is located along Lorain Avenue in West Cleveland, Ohio, a major commercial artery connecting West Park, Lakewood, and Downtown Cleveland. It also provides convenient access to I-90 and I-71.
The asset operates as a drive-thru restaurant, supported by surrounding national retailers including Burlington, Ross, ALDI, McDonald’s, Taco Bell, and Rally’s.
The property is located along Lorain Avenue in West Cleveland, Ohio, a major commercial artery connecting West Park, Lakewood, and Downtown Cleveland. It also provides convenient access to I-90 and I-71.
The asset operates as a drive-thru restaurant, supported by surrounding national retailers including Burlington, Ross, ALDI, McDonald’s, Taco Bell, and Rally’s.
Key Highlights
- Freestanding Popeyes Louisiana Kitchen drive‑thru built in 1987 on a Lorain Avenue site in West Cleveland, OH.
- New 20‑year NNN sale‑leaseback with zero landlord responsibilities, guaranteed by an experienced 13‑unit Popeyes franchisee.
- Lease includes scheduled 10% rent increases every five years plus four five‑year renewal options.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
551
Businesses Nearby
Explore this area
Business Placement
Demographics for 44111, OH
41,045
Population
19,041
Households
2.2
Avg Household Size
38
Median Age
25%
College-Educated
85%
High-School Grad
6.5 sq mi
ZIP Area
6,315
Density / Sq Mi
$54,790
Median Household Income
$38,151
Median Earnings
$938
Median Rent
$130,000
Median Home Value
Market
Vacancy Rate% for Retail in Cleveland, OH
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Drive through restaurant - Freestanding Popeyes Louisiana Kitchen drive-thru with a long-term 20-year NNN sale-leaseback structure.
Where is this drive through restaurant located?
The property is located at 14747 Lorain Avenue Cleveland, OH.
What is the asking price?
The asking price for this property is $2,533,333.
What are key features of this property?
This property features: Freestanding Popeyes Louisiana Kitchen drive‑thru built in 1987 on a Lorain Avenue site in West Cleveland, OH.; New 20‑year NNN sale‑leaseback with zero landlord responsibilities, guaranteed by an experienced 13‑unit Popeyes franchisee.; Lease includes scheduled 10% rent increases every five years plus four five‑year renewal options.
