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POPEYES - MIDDLEBURG HEIGHTS, OH 17505 Bagley Rd 2,089 SF 4-Star Retail Building Middleburg Heights, OH 44130 $2,846,000 ($1,362.37/SF) 6.15% Cap Rate
INVESTMENT HIGHLIGHTS
- 20-YEAR ABSOLUTE NNN LEASE: Brand new 20-year Absolute NNN lease with attractive 10% rental escalations every 5 years
- The Lease is personally guaranteed by both owner/operators with VERY HIGH COMBINED NET WORTH!
- TRAFFIC COUNTS: Positioned on a ±0.76-acre lot with great access/visibility on Bagley Rd (main east/west thoroughfare) with traffic counts 24,721 CPD
- OPERATOR | GUARANTORS: Seasoned owner/operator of five successful Popeyes locations throughout Ohio and founder of Sidhu Realty Capital
- BRAND NEW CONSTRUCTION: New, high-quality, build-to-suit construction of Popeyes newest prototype - slated to open September 2025
- 2024 DEMOGRAPHICS: Total Population (5MI): 177,379| Average Household Income (1MI): $100,179
EXECUTIVE SUMMARY
(Building & Land) Fee Simple
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,089 SF
Building Class
B
LoopNet Rating
4 Star
Year Built
2025
Construction Status
Under Construction
Price
$2,846,000
Price Per SF
$1,362.37
Cap Rate
6.15%
NOI
$175,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
0.76 AC
Zoning
C - Commercial
AMENITIES
- Signage
- Drive Thru
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Popeyes
- Accommodation and Food Services
- 2,089 SF
- -
- Aug 2045
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Popeyes | Accommodation and Food Services | 2,089 SF | - | Aug 2045 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 373-23-049 | Improvements Assessment | $2,275 |
| Land Assessment | $345,170 | Total Assessment | $347,445 |
PROPERTY TAXES
Parcel Number
373-23-049
Land Assessment
$345,170
Improvements Assessment
$2,275
Total Assessment
$347,445
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POPEYES - MIDDLEBURG HEIGHTS, OH | 17505 Bagley Rd
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