6675 Pearl Rd - Fast Food FOR SALE


Parma Heights, OH 44130
$2,485,000 USD
949-221-1803
6675 Pearl Rd, Parma Heights, OH for Sale
$2,485,000 USD
Fast Food - FOR SALE
1/6
null | 6.25% Cap Rate

6675 Pearl Rd
Parma Heights, OH 44130


HIGHLIGHTS

  • New Construction, Dual Drive-Thru 7 Brew Coffee property in Cleveland OH MSA
  • Cleveland OH MSA: 2.1M+ residents / one of the largest metro areas in Midwest U.S.
  • 1.23 AC property with frontage on Pearl Road, the primary north-south commercial artery connecting Parma Heights to downtown Cleveland and surrounding
  • Adjacent to Southland Shopping Center (4.7M visits per Placer.ai)
  • Less than 1.0 mile from Cuyahoga Community College (12,000+ students)
  • Rare Annual Rental Increases throughout lease term

OVERVIEW

OHIO BROKER OF RECORD ... TERRA NATIONAL REAL ESTATE GROUP ... License No. 2002010929 Faris Lee Investments is pleased to present the opportunity to acquire a dual drive-thru 7 Brew Coffee property in the Cleveland, OH MSA. The asset is secured by an Absolute NNN ground lease featuring rare 1.75% annual rental increases, offering investors a passive, inflation-hedged income stream with zero landlord responsibilities and increasing annual cash flow throughout the lease term. Strategically positioned with frontage on the primary north-south corridor connecting Parma Heights to downtown Cleveland, the site benefits from strong retail synergy from Southland Shopping Center (4.7 million annual visits per Placer.ai). The property is operated by a best-in-class QSR company with 400+ restaurant units nationwide and $786+ million in sales revenue per the Franchise Times Restaurant 200 Report. Located within the dense and affluent Cleveland MSA, home to more than 2.1 million residents, this offering represents a premier opportunity to acquire an Absolute NNN 7 Brew Coffee investment property in one of the Midwest’s strongest markets.

FOR SALE DETAILS

PRICE

$2,485,000 USD

PRICE/SF

$4,438 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

7 Brew Coffee | OH | Drive Thru 1.23 Acres

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.23 AC

LAND SF

53,579 SF

ZONING

Commercial

APN/PARCEL ID

473-25-033

ASK ABOUT THIS PROPERTY

Tyler StraussFaris Lee InvestmentsMore Info
949-221-1803

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Tyler StraussFaris Lee InvestmentsMore Info
949-221-1803

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