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24581 Lorain Rd
North Olmsted, OH 44070
NNN Investment - Fat Head's Brewery & Saloon · Retail Property For Sale
Investment Highlights
- Fee Simple - Current Owner (Seller) has no affiliation with Fat Head’s Brewery / Chiswick Breweries, Inc.
- Fat Head’s Brewery has four current locations in Pittsburgh, Pennsylvania, North Olmsted, Middleburg Heights, and Canton, Ohio.
- The primary lease term commenced in 2007 and the current term expires April 30, 2027. On May 1, 2022 the base rent increases to $182,250 annually.
- Parking on site, and easement for cross parking with the adjacent shopping center and property owner in perpetuity.
- Tenant has paid consistently and on time during Covid-19, without any deferment or reduction, Tenant did not approach Landlord for any concessions...
- There are also four (4) 5-Year Renewal Options with rent increases every 5 years.
Property Facts
Property Type
Retail
Property Subtype
Building Size
13,500 SF
Building Class
C
Year Built
1973
Tenancy
Single
Building Height
1 Story
Building FAR
0.46
Lot Size
0.68 AC
Zoning
CRG
Parking
65 Spaces (4.81 Spaces per 1,000 SF Leased)
Frontage
87’ on Lorain Rd
Property Taxes
| Parcel Number | 237-01-011 | Improvements Assessment | $290,325 |
| Land Assessment | $62,020 | Total Assessment | $352,345 |
Property Taxes
Parcel Number
237-01-011
Land Assessment
$62,020
Improvements Assessment
$290,325
Total Assessment
$352,345
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