6677 Pearl Rd
Parma Heights, OH
Price:
$1218000
Cap Rate:
5.75%
NOI:
$70,000
Building Size:
Approx. 2899 Sq. Ft.
Lot Size:
Approx. 0.96 Acres
Type:
Single-Tenant / Retail
Sub Category:
QSR
Investment Overview
- 2,899+/- SF Building on .96+/- Acre Site
- 15-Year Corp NNN Ground Lease w/ 10% Rent Bumps Every 5-Yrs
- Located directly off of Pearl Rd (39,240 Cars / Day), just E of W 130TH (14,000 Cars / Day)
- Near Taco Bell, Burger King, AutoZone, Firestone Auto Care, Wendy’s, McDonalds, & PNC Bank
- Major Employers: Cleveland Clinic Health System (39,088 Empl.), Giant Eagle ( 12,216 Empl.), The Lubrizol Corp (2,087 Empl.),
- 5-Miles NW of Cuyahoga Comm. College (31,000+ Enroll.) | 14 -Miles SW from Cleveland State University (17,278 Enroll.)
- 13-Miles SW of First Energy Stadium (Browns NFL ) & Quicken Loan Arena (Cavs – NBA) – 2 million Annual Visitor
- Parma Heights is located 12-Miles S of Cleveland, OH | 6-Miles SW of Cleveland Hopkins International Airport
- More than 37% of Fortune 500 Co.’s are present in NE Ohio | 5-Mile Average Household Income: $61,129
- Greater Cleveland (MSA) | 29th most populous MSA in the US | Population: 2,077,240