FREDDY'S - (69 UNIT GUARANTY)STRONGSVILLE, OH | 12380 Pearl Rd
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FREDDY'S - (69 UNIT GUARANTY)STRONGSVILLE, OH 12380 Pearl Rd
3,103 SF Retail Building Strongsville, OH 44136 $4,198,992 CAD ($1,353 CAD/SF) 6% Cap Rate
Investment Highlights
- LONG -TERM LEASE - Brand new 20-year Absolute NNN lease with attractive 7.50% rental escalations every 5 years
- 6th largest Freddy’s franchisee in the U.S.
- 2024 VERY AFFLUENT DEMOGRAPHICS: Population: 136,009 & Average Household Income: $128,245
- OPERATOR | TENANT - Ram-Z Custard, LLC owns & operates 69 locations, which include 34 Freddy’s restaurants
- HIGH TRAFFIC COUNTS/VISIBILITY - Positioned on a large ±1.13-acre lot with great access/visibility on US-58/ Pearl Rd
Executive Summary
(Building & Land) Fee Simple
In Association with Designated Broker:
Brian Brockman – Broker
License #: BRK.2009000214
Bang Realty, Inc
bor@bangrealty.com
513-898-1551
In Association with Designated Broker:
Brian Brockman – Broker
License #: BRK.2009000214
Bang Realty, Inc
bor@bangrealty.com
513-898-1551
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
3,103 SF
Building Class
C
Year Built
2021
Price
$4,198,992 CAD
Price Per SF
$1,353 CAD
Cap Rate
6%
NOI
$251,911 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.13 AC
Zoning
C
Amenities
- Restaurant
- Signage
- Drive Thru
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease End
- Freddy's
- Accommodation and Food Services
- -
- -
- -
Tenant | Industry | SF OCCUPIED | RENT/SF | Lease End | ||
Freddy's | Accommodation and Food Services | - | - | - |
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 392-28-011 | Improvements Assessment | $299,084 CAD |
Land Assessment | $219,268 CAD | Total Assessment | $518,353 CAD |
PROPERTY TAXES
Parcel Number
392-28-011
Land Assessment
$219,268 CAD
Improvements Assessment
$299,084 CAD
Total Assessment
$518,353 CAD
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FREDDY'S - (69 UNIT GUARANTY)STRONGSVILLE, OH | 12380 Pearl Rd
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