Log In/Sign Up
Your email has been sent.
7 Brew Coffee | OH | Drive Thru 1.23 Acres 6675 Pearl Rd 560 SF Retail Building Parma Heights, OH 44130 $3,482,628 CAD ($6,218.98 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
OHIO BROKER OF RECORD ... TERRA NATIONAL REAL ESTATE GROUP ... License No. 2002010929
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.
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
$3,482,628 CAD
Price Per SF
$6,218.98 CAD
Cap Rate
6.25%
NOI
$217,641 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 | $142,934 CAD |
| Land Assessment | $316,584 CAD | Total Assessment | $459,518 CAD |
Property Taxes
Parcel Number
473-25-033
Land Assessment
$316,584 CAD
Improvements Assessment
$142,934 CAD
Total Assessment
$459,518 CAD
1 of 7
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
7 Brew Coffee | OH | Drive Thru 1.23 Acres | 6675 Pearl Rd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.