6530 Pearl Rd - Fast Food FOR SALE


Parma Heights, OH 44130
$2,533,028 USD
202-361-3050
6530 Pearl Rd, Parma Heights, OH for Sale
$2,533,028 USD
Fast Food - FOR SALE
1/2
null | 5.25% Cap Rate

6530 Pearl Rd
Parma Heights, OH 44130


HIGHLIGHTS

  • Lease Guaranteed by Corp Wendy’s
  • Prime Pearl Road Location – High-traffic corridor in Parma Heights within the Cleveland MSA.
  • Absolute NNN Lease – Zero landlord responsibilities; tenant covers taxes, insurance, and maintenance
  • 10% Rent Increases Every 5 Years – Built-in rental growth throughout the term.
  • Lease Term Through March 21, 2036 – Approximately 10+ years of remaining term.
  • https://www.youtube.com/watch?v=BuKcvPCwaf8

OVERVIEW

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 commenc ing 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 $2,533,028 with an annual NOI of $132,984, the asset reflects an approximate 5.25% cap rate. The property benefits from strong vis ibility 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

FOR SALE DETAILS

PRICE

$2,533,028 USD

PRICE/SF

$1,038 USD /SF

CAP RATE

5.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Corporate Wendy's Long NNN lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Restaurant, Service Station

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1986

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.7 AC

LAND SF

30,492 SF

ZONING

C

APN/PARCEL ID

473-17-009

ASK ABOUT THIS PROPERTY

Robert GamzehTriple Net Investment Group Inc.More Info
202-361-3050

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Robert GamzehTriple Net Investment Group Inc.More Info
202-361-3050

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