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- LoopNet Team
5380 Pearl Rd
Cleveland, OH 44129
KFC | 20-Yr Abs NNN | Strong Sales · Retail Property For Sale
PROPERTY FACTS
AMENITIES
- Drive Thru
ABOUT 5380 PEARL RD , CLEVELAND, OH 44129
-KFC with Newly Extended 20-Year NNN Lease in the Cleveland, OH MSA -Tenant Investing $350,000+/- for Interior & Exterior Renovations | Planned Upgrade to the New KFC American Showman Concept -Established Location with Strong Store Sales | Up 13% from Previous Year -7.5 Percent Rental Increases Every Five Years During Base Term and Renewal Options -Established KFC with Over 22 Years of Occupancy at this Location -Lease Guaranty from Mitra QSR | 200+ Locations | Top 50 Largest Franchisee in the Nation & 4th Largest KFC Franchisee -Strong Access and Visibility to 12,270 Vehicles Per Day Along Pearl Road | Easy Access from Ridge Road (27,334 VPD) via Maysday Avenue -Absolute NNN Lease with Zero Landlord Responsibilities -Located Directly Next to Walgreens and Close Proximity to Major Retailers Including Menards, Arhaus Furniture, Value City Furniture, Best Buy, McDonald’s, Taco Bell, Arby’s, AT&T and More -Dense Population: 316,500 Residents in Five-Miles | Cleveland MSA Population of 2+ Million Residents -Located A Half-Mile From Interstate-480 Which Sees 137,700 Vehicles Per Day -KFC is a subsidiary of Yum! Brands, Inc. with Over 21,000 Locations in 130+ Countries
PROPERTY TAXES
| Parcel Number | 443-20-019 | Improvements Assessment | $626,640 |
| Land Assessment | $41,860 | Total Assessment | $668,500 |
PROPERTY TAXES
