NNN Taco Bell
For Sale
Contact for pricing
Pending
1531 W 117th St, Cleveland, OH 44107
Leased drive-thru Taco Bell on an absolute NNN ground lease with zero landlord responsibilities and a 20-year tenant commitment.
Property SizeContact for details
Days on Market148
Property Features for 1531 W 117th St
General Information
Standard status
Pending
Property subtype
Retail
Site & Location
Traffic Count
27,000 vehicles/day
Highway Access
Yes
Road Access
Yes
Building Details
Tenancy
Single
Listing Agency:
SRS Real Estate Partners Newport Beach
Listed By:
Patrick R. Luther, CCIM · License #01912215
(480) 221-4221
Source:
Crexi
Added: Apr 11
Changed: Aug 13
Last Checked: Sep 4 at 4:51PM
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 SRS Real Estate Partners Newport Beach
Investment Insights
Based on property information with market context.
This leased fee interest opportunity features a drive-thru equipped Taco Bell investment property structured as an absolute NNN ground lease with zero landlord responsibilities. The tenant, Pacific Bells, LLC, recently signed a brand-new 20-year lease, with 10% rental increases every five years throughout the initial term.
The site is located near a signalized, hard corner intersection of West 117th Street and Franklin Blvd, with significant street frontage and a large monument sign contributing to retail visibility along West 117th Street. The immediate area is described as a dense retail corridor with national and credit tenants nearby.
Additional access benefits include nearby direct on/off ramp access to Interstate 90. The property also has drive-thru functionality, and the provided market summary cites a 5-mile trade area with population and employment figures, along with an average household income.
The site is located near a signalized, hard corner intersection of West 117th Street and Franklin Blvd, with significant street frontage and a large monument sign contributing to retail visibility along West 117th Street. The immediate area is described as a dense retail corridor with national and credit tenants nearby.
Additional access benefits include nearby direct on/off ramp access to Interstate 90. The property also has drive-thru functionality, and the provided market summary cites a 5-mile trade area with population and employment figures, along with an average household income.
Key Highlights
- Leased drive‑thru Taco Bell investment property in Cleveland, Ohio under an absolute NNN ground lease (leased fee land ownership).
- Tenant Pacific Bells, LLC recently signed a brand‑new 20‑year lease, with 10% rental increases every 5 years during the initial term.
- Absolute NNN ground lease with zero landlord responsibilities for the investor.
Property Analytics
Property Profile
Current Use
Lease Details
27,000 VPD
Traffic count
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
969
Businesses Nearby
Explore this area
Business Placement
Demographics for 44107, OH
51,109
Population
29,101
Households
1.8
Avg Household Size
36
Median Age
54%
College-Educated
95%
High-School Grad
5.4 sq mi
ZIP Area
9,465
Density / Sq Mi
$65,778
Median Household Income
$49,285
Median Earnings
$1,011
Median Rent
$241,400
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 - Leased drive-thru Taco Bell on an absolute NNN ground lease with zero landlord responsibilities and a 20-year tenant commitment.
Where is this drive through restaurant located?
The property is located at 1531 W 117th St Cleveland, OH.
What are key features of this property?
This property features: Leased drive‑thru Taco Bell investment property in Cleveland, Ohio under an absolute NNN ground lease (leased fee land ownership).; Tenant Pacific Bells, LLC recently signed a brand‑new 20‑year lease, with 10% rental increases every 5 years during the initial term.; Absolute NNN ground lease with zero landlord responsibilities for the investor.
