1531 W 117th St Cleveland, OH 44107

Listing agency SRS Real Estate Partners Newport Beach p***@srsre.com Show Phone

Listed by Patrick R. Luther, CCIM · License #CA License No. 01912215

Source Crexi

Added: Apr 11 Updated: Jul 21 at 7:09AM Checked: Jul 21 at 7:09AM

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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.

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.

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FAQs

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.