5358 Turney Rd - Freestanding FOR SALE


Garfield Heights, OH 44125
$785,000 USD
845-245-7122
5358 Turney Rd, Garfield Heights, OH for Sale
$785,000 USD
Freestanding - FOR SALE
1/5
null | 5.5% Cap Rate

5358 Turney Rd
Garfield Heights, OH 44125


HIGHLIGHTS

  • 11+ Years Remaining | Options To Extend | 8% Rental Increases | Top-Performing Store
  • Absolute NNN | Zero Landlord Responsibilities
  • Dense Retail Corridor | Proximity To Community Anchors
  • Frontage On Turney Rd (20,200 VPD) | Just Off I-480 (149,800 VPD)
  • Strong Demographics In The 5-Mile Trade Area | Cleveland MSA

OVERVIEW

• Over 11 years of remaining term with four (4) 5-year renewal options • 8% rental increases every five years throughout the primary term and option periods support NOI growth and provide a built-in hedge against inflation • This location is a top-performing Papa Johns, ranking in the 93rd percentile nationally and 98th percentile in Ohio among comparable stores (Placer.ai)

FOR SALE DETAILS

PRICE

$785,000 USD

PRICE/SF

$616 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Papa Johns

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1948

SPRINKLERS

-

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,792 SF

ZONING

TRCMU

APN/PARCEL ID

542-30-009

ASK ABOUT THIS PROPERTY

William DonlonSRS National Net LeaseMore Info
845-245-7122

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William DonlonSRS National Net LeaseMore Info
845-245-7122

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