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

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

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

Tyler StraussFaris Lee InvestmentsMore Info
949-221-1803

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