For sale is the 100% fee-simple interest in the NNN-leased Jimmy John' s and Panini' s Bar & Grill in Cleveland Heights, Ohio. Located in the heart of Cleveland' s Coventry Road shopping district, this investment offers the purchaser the opportunity to own high profile/high traffic real estate leased to two successful restaurants with abundant parking and outdoor patio space, at under market rental rates. At the close of escrow, Panini' s will sign a new 10 year lease term on an absolute triple net basis. In addition to maintaining their building, Panini' s also maintains the common parking lot serving both restaurants. The operator of this Panini' s location is also the owner of the Panini' s Bar & Grill chain and has operated this restaurant for the past seven years. Jimmy John' s has been a tenant since 2006 and continues to thrive in this high traffic, pedestrian friendly location. The franchisee is a multi-store operator in the Cleveland area.
AutoZone is the nation's leading retailer and a leading distributor of automotive replacement parts and accessories with more than 5,100+ stores in the US, Puerto Rico, and Mexico. Each store carries an extensive line for cars, sport utility vehicles, vans and light trucks, including new and remanufactured hard parts, maintenance items and accessories.
Tenant opportunity in stable/hip Cleveland Hts. Cash flows with current occupancy. Huge upside for owner/user. 14,000+ traffic count.
The Cedar and Lee retail location rented @ $2,250 net per month.
Retail strip available for sale on busy corridor. Two (2) parcel sale (Includes adjacent paved parking lot). High traffic count will allow for maximum exposure. Perfect for user or investor. Why pay rent when you can own? Current lease information available through agents.