9174 Mentor Ave - Restaurant FOR SALE
Mentor, OH 44060 |
$1,813,000 USD
818-618-4522
9174 Mentor Ave
Mentor, OH 44060
HIGHLIGHTS
- Long-Term Tenancy: Applebee’s has occupied the property since 1994, and has exercised several renewal options demonstrating long-term commitment.
- Low Rent With Significant Upside Potential: Applebee’s is paying well below market rent
- Absolute NNN Ground Lease - Zero Landlord Responsibilities: Featuring an Absolute NNN ground lease, the property offers a true passive investment.
- Prime Location in a Dominant Retail Corridor With National Co-Tenancy: Strategically located within Mentor Commons
- Strong Demographic Profile: The property is supported by a dense population base of over 105,000 residents within a 5-mile radius
FOR SALE DETAILS
PRICE
$1,813,000 USD
PRICE/SF
$341 USD /SF
CAP RATE
5.25%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Applebee's
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Restaurant
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1994
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
1.17 AC
LAND SF
50,965 SF
ZONING
-
APN/PARCEL ID
16-A-019-0-00-015
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818-618-4522
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818-618-4522
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