8910 Madden Rd | Twinsburg, OH 44087
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8910 Madden Rd
Twinsburg, OH 44087
Tulum Mexican Restaurant · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- 2022-Built STNL Mexican Restaurant at Highway-Exits in Affluent Cleveland Suburb
- New Class “A” Build-to-Suit Construction Completed in 2022; Tenant Opened in January 2023
- 10% Rent Increases Every 5 Years of Initial Term; Adds 72 bps to CAP Rate in 2028 and Another 80 bps to CAP Rate in 2033
- 15-Year Absolute NNN Lease with 12.75 Years Remaining; High-Yield 7.3% CAP Opportunity
- Located Directly Adjacent to Signalized I-480 Exit Ramps; I-480 Sees 38,985 VPD
- Lease is Personally Guaranteed by Principal Owner of Restaurant Over Initial Term and All Options/Extensions
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
5,000 SF
Building Class
C
Year Built
2022
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
3.01 AC
Zoning
400 - Commercial Acreage
PROPERTY TAXES
| Parcel Number | 64-08386 | Improvements Assessment | $1,576,309 |
| Land Assessment | $173,187 | Total Assessment | $1,749,496 |
PROPERTY TAXES
Parcel Number
64-08386
Land Assessment
$173,187
Improvements Assessment
$1,576,309
Total Assessment
$1,749,496
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