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    15344 Snow Rd Brook Park, OH 44142

    Sponsored
    For Sale
    $960,000

    Profitable Biggby Coffee & PNC ATM

    Property size:
    2,377 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a fee-simple ownership of a 2,377 square foot, single-story building housing a Biggby Coffee and a PNC ATM. Located at 15344 Snow Rd, Brook Park, OH 44142, this property boasts a prime location on a high-traffic retail corridor with 22,746 AADT on Snow Road, and proximity to major roadways (I-71) and Cleveland Hopkins International Airport. The building, constructed in 1974 and renovated in 2022, sits on a 0.61-acre lot. The Biggby Coffee operates under a 10-year NNN lease (commencing November 1, 2022, expiring November 1, 2032) with a franchisee tenant and includes 3% rent bumps every 5 years and two 5-year renewal options. The PNC ATM operates under a 7.5-year lease with a one-year renewal option. The property benefits from strong demographics, including a 5-mile population of 256,842 and a 1-mile average household income of $66,460. Excellent co-tenancy includes Planet Fitness, Rite Aid, McDonald's, KFC, Rally's, Taco Bell, Burger King, Arby's, CVS, Little Caesars Pizza, and Dunkin'. The asking price is $960,000, reflecting a 6.50% cap rate based on a net operating income (NOI) of $62,400. This property offers a compelling investment opportunity due to its strong tenant mix, favorable lease terms, and prime location. The dual drive-thru configuration further enhances its appeal and operational efficiency.

    Property Features for 15344 Snow Rd

    General Information

    Property type
    Restaurants
    Square Feet
    2,377 SF
    Lot Size
    26,572 SF

    Building Details

    Year Built/Renovated
    1974/2022
    Buildings
    1
    Stories
    1

    HighLights

    • $960,000 asking price for a fee‑simple retail property.
    • 2,377 SF QSR/Fast Food building with a 10‑year NNN lease to Biggby Coffee (franchisee) and a 7.5‑year lease to PNC Bank.
    • Strong demographics: 256,842 population within 5 miles, $66,460 average household income within 1 mile.
    • High‑traffic location with dual drive‑thru, situated on a prime retail corridor with excellent co‑tenancy including Planet Fitness, Rite Aid, McDonald's, and other national brands.
    • High traffic counts: 22,746 AADT on Snow Road, 12,766 AADT on Smith Road, and 109,900 AADT on I‑71.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Brook Park
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.804843982406
    Latitude
    41.403774764452

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Restaurant - Profitable Biggby Coffee & PNC ATM
    Where is this restaurant located?
    The property is located at 15344 Snow Rd Brook Park, OH.
    What is the asking price?
    The asking price for this property is $960,000.
    What are key features of this property?
    This property features: $960,000 asking price for a fee-simple retail property.; 2,377 SF QSR/Fast Food building with a 10-year NNN lease to Biggby Coffee (franchisee) and a 7.5-year lease to PNC Bank.; Strong demographics: 256,842 population within 5 miles, $66,460 average household income within 1 mile.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    15344 Snow Rd Brook Park, OH 44142
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