Corporate Guaranteed Wendy's is located at 6530 Pearl Rd in Parma Heights, part of the greater Cleveland MSA. The property consists of a
2,400 SF freestanding retail building situated on 0.7 acres and was constructed in 1986. The tenant operates under a long-term lease commencing March 21, 2016 and running through March 21, 2036, featuring 10% rent increases every five years and two (2) five-year renewal options. This structure provides investors with stable cash flow and built-in rental growth.
Offered at $2,418,000 with an annual NOI of $132,984, the asset reflects an approximate 5.5% cap rate. The property benefits from strong visibility and traffic along Pearl Road, a primary retail corridor in the area. As a nationally recognized quick-service restaurant brand, Wendy’s offers consistent consumer demand and a recession-resistant business model, making this a secure, net-leased investment opportunity in an established Ohio market.
Broker of Records
Dan Cooper Broker/President
Cooper Commercial Investment Group