Absolute NNN Restaurant
For Sale
Contact for pricing
2168 Mentor Ave, Painesville, OH 44077
Newly constructed drive-through restaurant leased under a long-term absolute NNN structure with scheduled contractual increases.
Property SizeContact for details
Days on Market141
Property Features for 2168 Mentor Ave
General Information
Standard status
Active
Property subtype
Retail
Site & Location
Drive-Thru
Yes
Traffic Count
21,000 vehicles/day
Listing Agency:
Wertz Real Estate Investment
(619) 218-6427
Listed By:
John Wertz · License #CA 01448585
Source:
Crexi
Added: Apr 12
Changed: Aug 30
Last Checked: Aug 30 at 4:57PM
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 Wertz Real Estate Investment
Investment Insights
Based on property information with market context.
This newly constructed drive-through restaurant is subject to a 20-year absolute NNN lease. The lease provides 10% rental increases every 5 years during the primary term and each of four five-year extension options, creating a defined schedule of contractual rent growth. The absolute NNN structure assigns landlord responsibilities to the tenant as stated in the lease terms.
The property is located at 2168 Mentor Ave in Painesville, Ohio, within a retail corridor next to a new Super Target-anchored shopping center. Mentor Avenue carries more than 21,000 vehicles per day, and the surrounding trade area includes 104,000 residents within 5 miles with average household income exceeding $107,000 annually. Nearby national retailers include Target, CVS Pharmacy, Starbucks, ULTA, Chick-fil-A, Kohl’s, Panera Bread, Walmart, Lowe’s, ALDI, and other established operators.
The property is located at 2168 Mentor Ave in Painesville, Ohio, within a retail corridor next to a new Super Target-anchored shopping center. Mentor Avenue carries more than 21,000 vehicles per day, and the surrounding trade area includes 104,000 residents within 5 miles with average household income exceeding $107,000 annually. Nearby national retailers include Target, CVS Pharmacy, Starbucks, ULTA, Chick-fil-A, Kohl’s, Panera Bread, Walmart, Lowe’s, ALDI, and other established operators.
Key Highlights
- Newly constructed drive‑through restaurant at 2168 Mentor Ave, Painesville, OH 44077
- 20‑year absolute NNN lease
- 10% rental increases every 5 years during the primary term
Property Analytics
Property Profile
Current Use
Lease Details
21,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
768
Businesses Nearby
Explore this area
Business Placement
Demographics for 44077, OH
58,253
Population
24,928
Households
2.3
Avg Household Size
42
Median Age
29%
College-Educated
91%
High-School Grad
60.5 sq mi
ZIP Area
963
Density / Sq Mi
$80,692
Median Household Income
$45,315
Median Earnings
$972
Median Rent
$217,400
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Newly constructed drive-through restaurant leased under a long-term absolute NNN structure with scheduled contractual increases.
Where is this nnn property located?
The property is located at 2168 Mentor Ave Painesville, OH.
What are key features of this property?
This property features: Newly constructed drive‑through restaurant at 2168 Mentor Ave, Painesville, OH 44077; 20‑year absolute NNN lease; 10% rental increases every 5 years during the primary term
