Freestanding Japanese
7325 Northcliff Ave, Brooklyn, OH 44144
For Sale
Contact for pricing
A single-tenant restaurant is fully leased under a long-term arrangement with scheduled rent increases and limited landlord duties.
Property Size7,819 SF
Price / SF$255.79
Days on Market15
Property Features for 7325 Northcliff Ave
General Information
Standard status
Size
Property subtype
Occupancy
Site & Location
Traffic Count
Highway Access
Road Access
Additional Details
Tenant in Place
Building Details
Buildings
Tenancy
Listing Agency:
JLL Chicago | Americas Headquarters
Listed By:
Mohsin Mirza · License #IL 475.189943
(312) 228-2867
Source:
Crexi
Added: Oct 26
Changed: Nov 8
Last Checked: Nov 8 at 2:14PM
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 JLL Chicago | Americas Headquarters
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The freestanding restaurant contains 7,819 square feet and is occupied by Kintaro, a Japanese restaurant operator with five Ohio locations. The lease is fully occupied, with 9.8 years remaining and limited landlord responsibilities. Scheduled rent increases include a 46% adjustment in August 2026, followed by 12.5% increases every five years. The agreement also provides two five-year renewal options.
The property sits as an outparcel to Ridge Park Square Shopping Center, a 386,754-square-foot retail center with 46 tenants. It has frontage on Ridge Road and Northcliff Avenue, with visibility to more than 33,350 vehicles per day. An Interstate 480 interchange feeds into Ridge Road and the shopping center’s access points; the interchange carries approximately 150,000 vehicles per day. Cleveland Hopkins International Airport is five miles away.
The property sits as an outparcel to Ridge Park Square Shopping Center, a 386,754-square-foot retail center with 46 tenants. It has frontage on Ridge Road and Northcliff Avenue, with visibility to more than 33,350 vehicles per day. An Interstate 480 interchange feeds into Ridge Road and the shopping center’s access points; the interchange carries approximately 150,000 vehicles per day. Cleveland Hopkins International Airport is five miles away.
Key Highlights
- 7,819‑square‑foot freestanding restaurant, fully leased to Kintaro
- 9.8 years remaining on the lease; two 5‑year renewal options
- 46% rent escalation in August 2026, then 12.5% every five years
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$85,536
Cap Rate
4.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,710,720
$1.7M
Cap Rate 7%
$1,221,943
$1.2M
Cap Rate 9%
$950,400
$950.4K
Market Conditions
NOI Build-Up for 7,819 SF
Gross rent
$122.0K $15.60/SF
− Vacancy
−$7.9K −$1.01/SF
EGI
$114.0K $14.59/SF
− OpEx
−$28.5K −$3.65/SF
NOI
$85.5K $10.94/SF
Area
Cuyahoga County, OH
Vacancy
6.50%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,710,720
Cap Rate 7%
$1,221,943
Cap Rate 9%
$950,400
Alternative Uses
Best Use
Specialty Retail
$1.22M
$1.07M – $1.43M
NOI $85,536 @ 7.0% cap · market cap 4.28%
Second Best
Retail
$1.07M
$933.9K – $1.25M
NOI $74,711 @ 7.0% cap · market cap 3.74%
Theoretical Best
Office A
$1.45M
$1.27M – $1.69M
NOI $101,672 @ 7.0% cap · market cap 5.08%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
33,350 VPD
Traffic count
100%
Occupancy
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
587
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 44144, OH
21,361
Population
9,994
Households
2.1
Avg Household Size
42
Median Age
20%
College-Educated
88%
High-School Grad
5.5 sq mi
ZIP Area
3,884
Density / Sq Mi
$59,775
Median Household Income
$37,318
Median Earnings
$923
Median Rent
$138,000
Median Home Value
Market
Properties on Market for Conventional restaurants in Cuyahoga County
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - A single-tenant restaurant is fully leased under a long-term arrangement with scheduled rent increases and limited landlord duties.
Where is this conventional restaurant located?
The property is located at 7325 Northcliff Ave Brooklyn, OH.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: 7,819‑square‑foot freestanding restaurant, fully leased to Kintaro; 9.8 years remaining on the lease; two 5‑year renewal options; 46% rent escalation in August 2026, then 12.5% every five years
