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7 Brew Coffee | OH | Drive Thru 1.23 Acres 6675 Pearl Rd 560 SF Retail Building Parma Heights, OH 44130 $3,522,314 CAD ($6,289.85 CAD/SF) 6.25% Cap Rate
Investment Highlights
- New Construction, Dual Drive-Thru 7 Brew Coffee property in Cleveland OH MSA
- 1.23 AC property with frontage on Pearl Road, the primary north-south commercial artery connecting Parma Heights to downtown Cleveland and surrounding
- Less than 1.0 mile from Cuyahoga Community College (12,000+ students)
- Cleveland OH MSA: 2.1M+ residents / one of the largest metro areas in Midwest U.S.
- Adjacent to Southland Shopping Center (4.7M visits per Placer.ai)
- Rare Annual Rental Increases throughout lease term
Executive Summary
Faris Lee Investments is pleased to present the opportunity to acquire a dual drive-thru 7 Brew Coffee property in the Cleveland, OH MSA. The asset is secured by an Absolute NNN ground lease featuring rare 1.75% annual rental increases, offering investors a passive, inflation-hedged income stream with zero landlord responsibilities and increasing annual cash flow throughout the lease term. Strategically positioned with frontage on the primary north-south corridor connecting Parma Heights to downtown Cleveland, the site benefits from strong retail synergy from Southland Shopping Center (4.7 million annual visits per Placer.ai). The property is operated by a best-in-class QSR company with 400+ restaurant units nationwide and $786+ million in sales revenue per the Franchise Times Restaurant 200 Report. Located within the dense and affluent Cleveland MSA, home to more than 2.1 million residents, this offering represents a premier opportunity to acquire an Absolute NNN 7 Brew Coffee investment property in one of the Midwest’s strongest markets.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
560 SF
Building Class
B
Year Built
2023
Price
$3,522,314 CAD
Price Per SF
$6,289.85 CAD
Cap Rate
6.25%
NOI
$220,121 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.01
Lot Size
1.23 AC
Zoning
Commercial
Amenities
- 24 Hour Access
- Signage
- Drive Thru
- Air Conditioning
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 473-25-033 | Improvements Assessment | $142,622 CAD |
| Land Assessment | $315,893 CAD | Total Assessment | $458,515 CAD |
Property Taxes
Parcel Number
473-25-033
Land Assessment
$315,893 CAD
Improvements Assessment
$142,622 CAD
Total Assessment
$458,515 CAD
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7 Brew Coffee | OH | Drive Thru 1.23 Acres | 6675 Pearl Rd
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