14747 Lorain Avenue Cleveland, OH 44111

Building Details

Year Built

1987

Listing agency Marcus & Millichap - Los Angeles j***@marcusmillichap.com Show Phone

Listed by Jason Fefer · License #CA 02100489

Source Crexi

Added: Jul 13 Updated: Jul 21 at 1:01PM Checked: Jul 21 at 1:01PM

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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.

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.

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FAQs

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.