14 Pearl Rd - Retail FOR SALE
Brunswick, OH 44212 |
$2,372,990 USD
216-503-3610
14 Pearl Rd
Brunswick, OH 44212
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.
FOR SALE DETAILS
PRICE
$2,372,990 USD
PRICE/SF
$544 USD /SF
CAP RATE
5.95%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Burger King
PROPERTY TYPE
Retail
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1997
SPRINKLERS
-
PARKING SPACES
50
LAND DETAILS
LAND ACRES
1 AC
LAND SF
43,560 SF
ZONING
-
APN/PARCEL ID
003-18A-16-005
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216-503-3610
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216-503-3610
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