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Applebee's 9174 Mentor Ave 5,309 SF Retail Building Mentor, OH 44060 $1,813,000 ($341.50/SF) 5.25% Cap Rate
Investment Highlights
- Long-Term Tenancy: Applebee’s has occupied the property since 1994, and has exercised several renewal options demonstrating long-term commitment.
- Absolute NNN Ground Lease - Zero Landlord Responsibilities: Featuring an Absolute NNN ground lease, the property offers a true passive investment.
- Strong Demographic Profile: The property is supported by a dense population base of over 105,000 residents within a 5-mile radius
- Low Rent With Significant Upside Potential: Applebee’s is paying well below market rent
- Prime Location in a Dominant Retail Corridor With National Co-Tenancy: Strategically located within Mentor Commons
Executive Summary
Matt Wallace
License # REC.2022007141, BRKP.2024002419 (OH)
Matthews Real Estate Investment Services, Inc
950 Main Ave., Suite 510, Cleveland, OH 44113
(866) 889-0550
License # REC.2022007141, BRKP.2024002419 (OH)
Matthews Real Estate Investment Services, Inc
950 Main Ave., Suite 510, Cleveland, OH 44113
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
5,309 SF
Building Class
B
Year Built
1994
Price
$1,813,000
Price Per SF
$341.50
Cap Rate
5.25%
NOI
$95,198
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
1.17 AC
Amenities
- Pylon Sign
- Signage
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
1 of 5
Videos
Matterport 3D Exterior
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Photos
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Applebee's | 9174 Mentor Ave
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