Second-Generation Restaurant
For Sale
$2,100,000
7814 Reynolds Road, Mentor, OH 44060
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 Market136
Property Features for 7814 Reynolds Road
General Information
Standard status
Active
Size
7,384 SF
Total Parking Spaces
142
Lot size
1.87 Acres
Property subtype
Single-Tenant Vacant-User
Zoning
M-1
Lease Type
NNN
Site & Location
Traffic Count
31,000 vehicles/day
Highway Access
Yes
Road Access
Yes
Amenities
outdoor patio
monument signage
2nd Gen Restaurant Facility: Fully Equipped – 7,384 SF Restaurant & Bar – Includes Nice Size Outdoor Patio Area
Oversized Lot Size: 1.87 AC Parcel With 142 Parking Spaces
Growth Market – New Retail: New Businesses Include Chipotle, Mission BBQ, The Burger Experience, Space Shop, Bibibop Asian Cuisine
Re-Tenant Opportunity: Flexible Zoning – Allows For Retail & Industrial Uses
Excellent Visibility & Access: Frontage on Reynold Rd & Stone's Throw From Lakeland Freeway & I-90 – Combined 167,000+ VPD
Affluent Demographics: 49,000+ People W/AHHI Of $100,000+ in 3 MI Radius
Qualifies For 100% Bonus Depreciation : Contact Listing Agent For Estimate of Savings
Prime Retail Location: Established Shopping & Dining Corridor Near Great Lakes Mall W/ Strong National Tenant Presence & Redevelopment Activity
Building Details
Building Size
7,384 SF
Year Built
1995
Year Renovated
2016
Listing Agency:
Miami Office
(786) 522-7000
Listed By:
Scott Sandelin · License #FL: SL636794
(786) 522-7009
Source:
Marcusmillichap
Added: Jun 9
Changed: Oct 21
Last Checked: Oct 20 at 5:05PM
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 Miami Office
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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
Estimated NOI and Cap Rate
NOI / Yr
$79,249
Cap Rate
3.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,584,980
$1.6M
Cap Rate 7%
$1,132,129
$1.1M
Cap Rate 9%
$880,544
$880.5K
Market Conditions
NOI Build-Up for 7,384 SF
Gross rent
$110.8K $15.00/SF
− Vacancy
−$5.1K −$0.69/SF
EGI
$105.7K $14.31/SF
− OpEx
−$26.4K −$3.58/SF
NOI
$79.2K $10.73/SF
Area
Lake County, OH
Vacancy
4.60%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,584,980
Cap Rate 7%
$1,132,129
Cap Rate 9%
$880,544
Alternative Uses
Best Use
Specialty Retail
$1.13M
$990.6K – $1.32M
NOI $79,249 @ 7.0% cap · market cap 3.77%
Second Best
—
—
no second resolved use
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 authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
31,000 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,013
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 44060, OH
60,360
Population
27,276
Households
2.2
Avg Household Size
47
Median Age
35%
College-Educated
96%
High-School Grad
39.9 sq mi
ZIP Area
1,513
Density / Sq Mi
$85,881
Median Household Income
$51,736
Median Earnings
$1,156
Median Rent
$227,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
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
