Freestanding Restaurant with
For Sale
Contact for pricing
2363 Aurora Rd, Twinsburg, OH 44087
Freestanding 3,048 SF former Wendy’s includes a drive-thru and is fully built out with equipment in place.
Property Size3,048 SF
Lot Size1.36 Acres
Price / SF$232.94
Days on Market716
Property Features for 2363 Aurora Rd
General Information
Standard status
Active
Size
3,048 SF
Lot size
1.36 Acres
Property subtype
RETAIL
Site & Location
Traffic Count
19,471 vehicles/day
Highway Access
Yes
Road Access
Yes
Amenities
drive-thru
Listing Agency:
CBRE | Cleveland
(216) 687-1800
Listed By:
Kevin Moss · License #SAL.2015001299
(216) 577-1517
Source:
Moodyscre
Added: Nov 19, 2024
Changed: Nov 1
Last Checked: Nov 3 at 6:52AM
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 CBRE | Cleveland
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Freestanding 3,048 SF former Wendy’s with drive-thru is offered for lease or sale. The space is fully built-out with equipment in place, providing an operator-ready configuration.
The property is located off I-480 and benefits from recorded traffic counts of 19,471 VPD on Aurora Road. The immediate area includes major retailers and restaurants such as Cracker Barrel, GetGo, Sheetz, SushiEn, Burgers2Beer, McDonald’s, Circle K, Burger King, and Key Bank.
The site sits on 1.36 acres and is supported by a dense surrounding population, with 34,882 people reported within a 3-mile radius and an average household income of $136,477.
The property is located off I-480 and benefits from recorded traffic counts of 19,471 VPD on Aurora Road. The immediate area includes major retailers and restaurants such as Cracker Barrel, GetGo, Sheetz, SushiEn, Burgers2Beer, McDonald’s, Circle K, Burger King, and Key Bank.
The site sits on 1.36 acres and is supported by a dense surrounding population, with 34,882 people reported within a 3-mile radius and an average household income of $136,477.
Key Highlights
- 3,048 SF freestanding former Wendy’s with drive‑thru, fully built out with equipment in place
- 1.36‑acre lot
- 19,471 VPD traffic counts on Aurora Road (ODOT)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,872
Cap Rate
5.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$737,440
$737.4K
Cap Rate 7%
$526,743
$526.7K
Cap Rate 9%
$409,689
$409.7K
Market Conditions
NOI Build-Up for 3,048 SF
Gross rent
$50.8K $16.68/SF
− Vacancy
−$1.7K −$0.55/SF
EGI
$49.2K $16.13/SF
− OpEx
−$12.3K −$4.03/SF
NOI
$36.9K $12.10/SF
Area
Summit County, OH
Vacancy
3.30%
Lease Rate
$16.68 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$737,440
Cap Rate 7%
$526,743
Cap Rate 9%
$409,689
Alternative Uses
Best Use
Specialty Retail
$526.7K
$460.9K – $614.5K
NOI $36,872 @ 7.0% cap · market cap 5.19%
Second Best
Retail
$275.9K
$241.4K – $321.9K
NOI $19,311 @ 7.0% cap · market cap 2.72%
Theoretical Best
Office A
$748.0K
$654.5K – $872.7K
NOI $52,360 @ 7.0% cap · market cap 7.37%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
19,471 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
799
Businesses Nearby
206k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 41%
Shops & Services 32%
Groceries 17%
Hotels & Casinos 5%
Giant Eagle Supermarket
Groceries
34,403 visits/mo
0.4 miles
McDonald's
Dining
25,392 visits/mo
0.1 miles
GetGo Gas Station
Shops & Services
19,738 visits/mo
0.4 miles
Starbucks
Dining
16,934 visits/mo
0.4 miles
Cracker Barrel Old Country Store
Dining
15,098 visits/mo
0.3 miles
Demographics for 44087, OH
22,626
Population
9,146
Households
2.5
Avg Household Size
44
Median Age
47%
College-Educated
95%
High-School Grad
18.0 sq mi
ZIP Area
1,257
Density / Sq Mi
$95,810
Median Household Income
$59,762
Median Earnings
$1,333
Median Rent
$290,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Drive through restaurant - Freestanding 3,048 SF former Wendy’s includes a drive-thru and is fully built out with equipment in place.
Where is this drive through restaurant located?
The property is located at 2363 Aurora Rd Twinsburg, OH.
What is the asking price?
The asking price for this property is $710,000.
What are key features of this property?
This property features: 3,048 SF freestanding former Wendy’s with drive‑thru, fully built out with equipment in place; 1.36‑acre lot; 19,471 VPD traffic counts on Aurora Road (ODOT)
