12380 Pearl Rd | Strongsville, OH 44136
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- LoopNet Team
12380 Pearl Rd
Strongsville, OH 44136
FREDDY'S - (74 UNIT GUARANTY)STRONGSVILLE, OH · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- LONG -TERM LEASE - Brand new 20-year Absolute NNN lease with attractive 7.50% rental escalations every 5 years
- 6th largest Freddy’s franchisee in the U.S.
- 2024 VERY AFFLUENT DEMOGRAPHICS: Population: 136,009 & Average Household Income: $128,245
- OPERATOR | TENANT - Ram-Z Custard, LLC owns & operates 74 locations, which include 39 Freddy’s restaurants
- HIGH TRAFFIC COUNTS/VISIBILITY - Positioned on a large ±1.13-acre lot with great access/visibility on US-58/ Pearl Rd
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
3,103 SF
Building Class
C
Year Built
2021
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.13 AC
Zoning
C
Frontage
157’ on Pearl Rd
AMENITIES
- Restaurant
- Signage
- Drive Thru
PROPERTY TAXES
| Parcel Number | 392-28-011 | Improvements Assessment | $223,965 |
| Land Assessment | $176,365 | Total Assessment | $400,330 |
PROPERTY TAXES
Parcel Number
392-28-011
Land Assessment
$176,365
Improvements Assessment
$223,965
Total Assessment
$400,330
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