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Corporate Wendy's Long NNN lease 6530 Pearl Rd 2,440 SF Retail Building Parma Heights, OH 44130 $3,331,956 CAD ($1,365.56 CAD/SF) 5.50% Cap Rate
Investment Highlights
- Lease Guaranteed by Corp Wendy’s
- Absolute NNN Lease – Zero landlord responsibilities; tenant covers taxes, insurance, and maintenance
- Lease Term Through March 21, 2036 – Approximately 10+ years of remaining term.
- Prime Pearl Road Location – High-traffic corridor in Parma Heights within the Cleveland MSA.
- 10% Rent Increases Every 5 Years – Built-in rental growth throughout the term.
- https://www.youtube.com/watch?v=BuKcvPCwaf8
Executive Summary
Corporate Guaranteed Wendy's is located at 6530 Pearl Rd in Parma Heights, part of the greater Cleveland MSA. The property consists of a
2,400 SF freestanding retail building situated on 0.7 acres and was constructed in 1986. The tenant operates under a long-term lease commencing March 21, 2016 and running through March 21, 2036, featuring 10% rent increases every five years and two (2) five-year renewal options. This structure provides investors with stable cash flow and built-in rental growth.
Offered at $2,418,000 with an annual NOI of $132,984, the asset reflects an approximate 5.5% cap rate. The property benefits from strong visibility and traffic along Pearl Road, a primary retail corridor in the area. As a nationally recognized quick-service restaurant brand, Wendy’s offers consistent consumer demand and a recession-resistant business model, making this a secure, net-leased investment opportunity in an established Ohio market.
Broker of Records
Dan Cooper Broker/President
Cooper Commercial Investment Group
2,400 SF freestanding retail building situated on 0.7 acres and was constructed in 1986. The tenant operates under a long-term lease commencing March 21, 2016 and running through March 21, 2036, featuring 10% rent increases every five years and two (2) five-year renewal options. This structure provides investors with stable cash flow and built-in rental growth.
Offered at $2,418,000 with an annual NOI of $132,984, the asset reflects an approximate 5.5% cap rate. The property benefits from strong visibility and traffic along Pearl Road, a primary retail corridor in the area. As a nationally recognized quick-service restaurant brand, Wendy’s offers consistent consumer demand and a recession-resistant business model, making this a secure, net-leased investment opportunity in an established Ohio market.
Broker of Records
Dan Cooper Broker/President
Cooper Commercial Investment Group
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
2,440 SF
Building Class
C
Year Built
1986
Price
$3,331,956 CAD
Price Per SF
$1,365.56 CAD
Cap Rate
5.50%
NOI
$183,258 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.70 AC
Zoning
C
Frontage
150’ on Pearl Rd
Fairly walkable
40/100
Exceptionally drivable
90/100
Limited public transit
30/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 473-17-009 | Improvements Assessment | $218,177 CAD |
| Land Assessment | $176,228 CAD | Total Assessment | $394,405 CAD |
Property Taxes
Parcel Number
473-17-009
Land Assessment
$176,228 CAD
Improvements Assessment
$218,177 CAD
Total Assessment
$394,405 CAD
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Corporate Wendy's Long NNN lease | 6530 Pearl Rd
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