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Taco Bell 4660 Northfield Rd 1,574 SF Retail Building North Randall, OH 44128 $2,152,401 CAD ($1,367.47 CAD/SF) 5.25% Cap Rate
Investment Highlights
- Absolute NNN lease with ±18.5 years remaining and 10% rent increases every 5 years.
- Leased to Pacific Bells LLC, a top Taco Bell franchisee with 300+ locations.
- Located just off Hwy 480 with ±144,820 vehicles per day and strong visibility.
- Current annual rent of $82,500 with projected full basis recapture in base term.
- Outparcel to a top 10% nationally performing Aldi, driving daily traffic.
- Dense trade area with 200,000+ residents within a 5-mile radius.
Executive Summary
Matt Wallace
Matthews Real Estate Investment Services, Inc
License # REC.2022007141, BRKP.2024002419 (OH)
950 Main Ave., Suite 510, Cleveland, OH 44113
(866) 889-0550
Matthews Real Estate Investment Services, Inc
License # REC.2022007141, BRKP.2024002419 (OH)
950 Main Ave., Suite 510, Cleveland, OH 44113
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
1,574 SF
Building Class
B
Year Built
2019
Price
$2,152,401 CAD
Price Per SF
$1,367.47 CAD
Cap Rate
5.25%
NOI
$113,001 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
0.95 AC
Opportunity Zone
Yes
Zoning
C-1
Frontage
231’ on NORTHFIELD RD
Amenities
- Drive Thru
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Not bikeable
10/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 771-08-015 | Improvements Assessment | $355,134 CAD |
| Land Assessment | $196,728 CAD | Total Assessment | $551,862 CAD |
Property Taxes
Parcel Number
771-08-015
Land Assessment
$196,728 CAD
Improvements Assessment
$355,134 CAD
Total Assessment
$551,862 CAD
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Taco Bell | 4660 Northfield Rd
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