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14 Pearl Rd
Brunswick, OH 44212

$2,372,990 USD

General Retail For Sale  •  4,360 SF

Property Details

• Property Type General Retail
• Total Building Size 4,218 SF
• Lot Size 1 AC
• Building Class B
• Year Built 1997
• Cap Rate 5.95 %
• Tenancy Single

0 Transit Score

36 Walk Score

Highlights

Long Term Absolute NNN Lease – At closing, the tenant will execute a new 15-year absolute NNN lease featuring 10% rent increases every five years

Established Franchisee – The franchisee has been operating Burger King restaurants since 1959

Storefront Renovation – The property underwent a full renovation in 2017, featuring updated finishes and modernized branding

Strong Retail Corridor – Located on the Hard Corner of Pearl Road and Boston, the signalized intersection sees ±14,300 VPD.

Local Traffic Drivers – The property is surrounded by multiple housing developments – Monterey Apartments (178 Units), Forest Hills Apartments

Strong Sales – The sale-leaseback rental rate is supported by an 8.5% rent-to-sales ratio over the trailing three years.

Cap Rate:

5.95 %

Major Tenants

Tenant	SF Occupied	Lease End Date
Burger King

Amenities

• Signage
• Signalized Intersection
• Drive Thru

Public Transportation

Airport	Drive	Walk	Distance
Cleveland-Hopkins International	26 min	-	14.4 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	50
Type:	Surface
Included in Rent:	Yes