Mr. Hero NNN
For Sale
Contact for pricing
717 E Erie Ave, Lorain, OH 44052
The single-tenant building carries an Absolute NNN lease structure near Lake Erie, schools, and residential development.
Property Size1,530 SF
Lot Size0.24 Acres
Days on Market143
Property Features for 717 E Erie Ave
General Information
Standard status
Active
Size
1,530 SF
Lot size
0.24 Acres
Property subtype
Retail
Net Operating Income
$41,371
Additional Details
Cap Rate
6%
Building Details
Year Built
1972
Tenancy
Single
Listing Agency:
Ownerland Realty
Listed By:
Priyanshu Adathakkar · License #OH 2013002753
Source:
Crexi
Added: Apr 12
Changed: Aug 31
Last Checked: Aug 30 at 6:13PM
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 Ownerland Realty
Investment Insights
Based on property information with market context.
This 1,530-square-foot restaurant property occupies a 0.24-acre lot and was constructed in 1972. The building is leased to a single occupant under an Absolute NNN lease, with a 6.00% capitalization rate. The property is identified as Mr. Hero and is located at 717 E Erie Ave in Lorain, Ohio.
The site offers views of Lake Erie and is positioned near the pier and marina. Multiple schools and housing developments are also located nearby, placing the restaurant within an established residential and institutional setting.
The site offers views of Lake Erie and is positioned near the pier and marina. Multiple schools and housing developments are also located nearby, placing the restaurant within an established residential and institutional setting.
Key Highlights
- 1,530‑square‑foot restaurant building on a 0.24‑acre lot
- Single‑tenant occupancy under an Absolute NNN lease
- 6.00% capitalization rate
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
336
Businesses Nearby
5k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 100%
SUBWAY
Dining
3,503 visits/mo
0.4 miles
Mr Hero
Dining
1,589 visits/mo
0.1 miles
Demographics for 44052, OH
29,249
Population
13,673
Households
2.1
Avg Household Size
37
Median Age
12%
College-Educated
83%
High-School Grad
9.5 sq mi
ZIP Area
3,079
Density / Sq Mi
$42,298
Median Household Income
$31,985
Median Earnings
$840
Median Rent
$104,000
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?
Conventional restaurant - The single-tenant building carries an Absolute NNN lease structure near Lake Erie, schools, and residential development.
Where is this conventional restaurant located?
The property is located at 717 E Erie Ave Lorain, OH.
What are key features of this property?
This property features: 1,530‑square‑foot restaurant building on a 0.24‑acre lot; Single‑tenant occupancy under an Absolute NNN lease; 6.00% capitalization rate
