8910 Madden Rd - Restaurant FOR SALE
Twinsburg, OH 44087 |
$1,860,000 USD
216-264-2000
8910 Madden Rd
Twinsburg, OH 44087
HIGHLIGHTS
- 2022-Built STNL Mexican Restaurant at Highway-Exits in Affluent Cleveland Suburb
- 15-Year Absolute NNN Lease with 12.75 Years Remaining; High-Yield 7.3% CAP Opportunity
- New Class “A” Build-to-Suit Construction Completed in 2022; Tenant Opened in January 2023
- Located Directly Adjacent to Signalized I-480 Exit Ramps; I-480 Sees 38,985 VPD
- 10% Rent Increases Every 5 Years of Initial Term; Adds 72 bps to CAP Rate in 2028 and Another 80 bps to CAP Rate in 2033
- Lease is Personally Guaranteed by Principal Owner of Restaurant Over Initial Term and All Options/Extensions
FOR SALE DETAILS
PRICE
$1,860,000 USD
PRICE/SF
$372 USD /SF
CAP RATE
7.26%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Tulum Mexican Restaurant
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Restaurant
ADD'L SUBTYPES
Freestanding
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2022
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
3.01 AC
LAND SF
131,116 SF
ZONING
400
APN/PARCEL ID
64-08386
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216-264-2000
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216-264-2000
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