Second-Generation Restaurant
7814 Reynolds Road Mentor, OH 44060
For Sale
$2,100,000
Vacant full-service restaurant with an equipped kitchen and outdoor patio on a large site with prominent monument signage.
Property Size7,384 SF
Lot Size1.87 Acres
Price / SF$284.40
Days on Market46
Property Features for 7814 Reynolds Road
General Information
- Standard status
- Active
- Size
- 7,384 SF
- Lot size
- 1.87 Acres
- Property subtype
- Single-Tenant Vacant-User
Listing Agency:
Marcus & Millichap - Miami
(786) 522-7009
Listed By:
Scott C. Sandelin · License #License(s): FL: SL636794
(786) 522-7009
Source:
Marcusmillichap
Added: Jun 9
Changed: Jul 23
Last Checked: Jul 23 at 6:29PM
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 Marcus & Millichap - Miami
Investment Insights
Based on property information with market context.
Marcus & Millichap presents the opportunity to acquire a vacant, full-service, second-generation restaurant building. Originally developed in 1995 and fully renovated in 2016, the property includes a fully equipped kitchen and a designated outdoor patio area. The offering also features 142 parking spaces and prominent monument signage.
The freestanding building is located on Reynolds Road (Route 306), one of Mentor’s primary retail thoroughfares, with an ingress/egress point directly off Reynolds Road. A second ingress/egress point is available via a shared access road with the retail strip center behind the subject.
The site totals 1.87 acres and is zoned M-1 (light manufacturing). The property fronts a retail cluster along Reynolds Road that includes co-tenants such as Chipotle, Mission BBQ, Starbucks, Huntington Bank, Sheetz, The Burger Experience, Red Lobster, Arby’s, Bob Evan’s, and McDonald’s. Reynolds Road is described with a solid traffic count of 31,000+ vehicles per day, with immediate proximity to the Lakeland Freeway (71,000+ VPD) and Interstate-90 (65,000+ VPD). Great Lakes Mall is nearby, including national anchors such as Dick’s Sporting Goods, Dillard’s, JCPenney, Planet Fitness, and Round 1 Bowling & Arcade, with redevelopment activity referenced at the mall.
The freestanding building is located on Reynolds Road (Route 306), one of Mentor’s primary retail thoroughfares, with an ingress/egress point directly off Reynolds Road. A second ingress/egress point is available via a shared access road with the retail strip center behind the subject.
The site totals 1.87 acres and is zoned M-1 (light manufacturing). The property fronts a retail cluster along Reynolds Road that includes co-tenants such as Chipotle, Mission BBQ, Starbucks, Huntington Bank, Sheetz, The Burger Experience, Red Lobster, Arby’s, Bob Evan’s, and McDonald’s. Reynolds Road is described with a solid traffic count of 31,000+ vehicles per day, with immediate proximity to the Lakeland Freeway (71,000+ VPD) and Interstate-90 (65,000+ VPD). Great Lakes Mall is nearby, including national anchors such as Dick’s Sporting Goods, Dillard’s, JCPenney, Planet Fitness, and Round 1 Bowling & Arcade, with redevelopment activity referenced at the mall.
Key Highlights
- Vacant 7,384 SF freestanding full‑service restaurant building originally developed in 1995
- Fully renovated in 2016 with a fully equipped kitchen and an outdoor patio area
- Oversized 1.87 AC parcel with prominent monument signage on Reynolds Rd and 142 parking spaces
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $110.8k | $15.00 |
| − Vacancy | −$5.1k | −$0.69 |
| EGI | $105.7k | $14.31 |
| − OpEx | −$26.4k | −$3.58 |
| NOI | $79.2k | $10.73 |
7,384 SF · lease $15.00/SF/yr · vacancy 4.60% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.13M
$990.6K – $1.32M
NOI $79,249 @ 7.0% cap · market cap 3.77%
Second Best
Retail
$989.0K
$865.4K – $1.15M
NOI $69,232 @ 7.0% cap · market cap 3.30%
Theoretical Best
Office A
$1.71M
$1.49M – $1.99M
NOI $119,380 @ 7.0% cap · market cap 5.68%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Conventional restaurants
FAQs
What type of property is this?
Conventional restaurant - Vacant full-service restaurant with an equipped kitchen and outdoor patio on a large site with prominent monument signage.
Where is this conventional restaurant located?
The property is located at 7814 Reynolds Road Mentor, OH.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: Vacant 7,384 SF freestanding full‑service restaurant building originally developed in 1995; Fully renovated in 2016 with a fully equipped kitchen and an outdoor patio area; Oversized 1.87 AC parcel with prominent monument signage on Reynolds Rd and 142 parking spaces
