25615 Brookpark Rd - Restaurant FOR SALE


North Olmsted, OH 44070
$1,981,000 USD
949-608-2175
25615 Brookpark Rd, North Olmsted, OH for Sale
$1,981,000 USD
Restaurant - FOR SALE
1/3
null | 8.5% Cap Rate

25615 Brookpark Rd
North Olmsted, OH 44070


OVERVIEW

Long-Established Location Red Lobster has operated successfully at this location for over two decades, demonstrating exceptional tenant commitment and long-term stability in a competitive retail environment. Absolute NNN Ground Lease The property features an absolute NNN ground lease with several years remaining, offering passive, management-free income with no landlord responsibilities—ideal for investors seeking predictable cash flow. Top-Performing Location This Red Lobster ranks among the strongest performers in its regional portfolio, benefiting from consistent foot traffic and proximity to high-volume retail anchors, contributing to above-average sales metrics. Market-Leading Tenant Red Lobster is a flagship brand of Red Lobster Hospitality LLC, a leading national casual dining restaurant chain. Backed by strong brand recognition and operational expertise, the tenant offers long-term reliability. Prime Regional Location Strategically positioned within a dominant retail corridor, the site is surrounded by top-tier national retailers and affluent residential neighborhoods, reinforcing its role as a destination for dining and discretionary spending. Excellent Access & Visibility The property enjoys prominent frontage, multiple access points, and strong visibility along a major commercial artery, ensuring consistent exposure to both local and regional consumers. Reliable Cash Flow With a proven operator and a history of strong performance, the asset delivers secure in-place income and long-term lease stability. Economic Stability Located in a thriving metro area with strong demographics and retail fundamentals, the site benefits from a resilient economic base that supports sustained consumer demand and tenant success.

FOR SALE DETAILS

PRICE

$1,981,000 USD

PRICE/SF

$267 USD /SF

CAP RATE

8.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Red Lobster

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1974

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

16.89 AC

LAND SF

735,728 SF

ZONING

-

APN/PARCEL ID

236-09-002

ASK ABOUT THIS PROPERTY

Karick BrownNewmarkMore Info
949-608-2175

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Karick BrownNewmarkMore Info
949-608-2175

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.