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12380 Pearl Rd
Strongsville, OH 44136

$2,440,000 USD

Fast Food For Sale  •  4,025 SF

Property Details

  • Property Type Fast Food
  • Total Building Size 3,103 SF
  • Lot Size 1.13 AC
  • Building Class C
  • Year Built 2021
  • Cap Rate 6.25 %
  • Tenancy Single
  • Zoning C
26 Transit Score
57 Walk Score

Highlights

LONG -TERM LEASE - 19 years remaining on Absolute NNN lease with attractive 7.50% rental escalations every 5 years
OPERATOR | TENANT - Ram-Z Custard, LLC owns & operates 74 locations, which include 39 Freddy’s restaurants
6th largest Freddy’s franchisee in the U.S.
HIGH TRAFFIC COUNTS/VISIBILITY - Positioned on a large ±1.13-acre lot with great access/visibility on US-58/ Pearl Rd
2024 VERY AFFLUENT DEMOGRAPHICS: Population: 136,009 & Average Household Income: $128,245
Cap Rate: 6.25 %

Major Tenants

Tenant SF Occupied Lease End Date
Freddy's

Amenities

  • Restaurant
  • Signage
  • Drive Thru

Public Transportation

AirportDriveWalkDistance
Cleveland-Hopkins International 21 min - 10.0 mi
Akron-Canton Regional 61 min - 44.6 mi
Kendall Carlsen 480-718-5555 Commercial Investment Advisors, INC
Kendall Carlsen 480-718-5555 Commercial Investment Advisors, INC