Investment Highlights

LONG-TERM ABSOLUTE NNN LEASE WITH RENTAL INCREASES
» New 20-year absolute NNN lease to iconic tenant
» No landlord management, ideal for an out-of-area investor
» 10% rental increases every five years, providing a hedge against inflation
» Operated by Mitra QSR, one of the largest franchisees in the U.S. and the fourth largest domestic franchisee of KFC restaurants with over 208 locations and continuing to expand

HIGH-TRAFFIC LOCATION IN DENSE RETAIL CORRIDOR
» Located just off of the signalized intersection of Warrensville Center Road and Rockside Road, which experiences a high traffic volume of 33,427 vehicles per day
» Convenient access to two major freeways: Interstate 480 (169,339 AADT) and Interstate 271 (82,867 AADT)
» Outparcel to the Liberty Ford car dealership, the first site along the Bedford Automile, comprised of 26 automobile dealerships providing the largest selection of new and used vehicles anywhere in Ohio
» Near Southgate USA, a large shopping center featuring well-known tenants like Home Depot, Giant Eagle Supermarket, Rite Aid, O’Reilly Auto Parts, and more

CENTRAL LOCATION WITH STRONG CUSTOMER BASE
» Minutes from downtown Maple Heights
» Near several schools, including Milkovich Middle School (817 students), Maple Heights High School (1,043 students), and Bedford High School (1,055 students)
» The population in a three-mile radius of the property increases during business hours, with 79,685 daytime employees working in this area
» 180,863 residents live and 165,983 daytime employees work within a five-mile radius

HIGH-QUALITY BUILDING FEATURING DEDICATED DRIVE-THRU
» New building, built to Tenant’s specifications
» Features dedicated drive-thru, providing additional customer convenience and boosting sales revenue
» Ample onsite and cross-access parking

Property Description

SOLD
The property is strategically located just off of the signalized intersection of Warrensville Center Road and Rockside Road, which experiences a high traffic volume of 33,427 vehicles per day. The property enjoys convenient access to two major freeways: Interstate 480 (169,339 AADT) and Interstate 271 (82,867 AADT). Located in a dense retail corridor, the property is outparcel to the Liberty Ford car dealership, the first site along the Bedford Automile, comprised of 26 automobile dealerships providing the largest selection of new and used vehicles anywhere in Ohio. The property is just south of Southgate USA, a large shopping center featuring well-known tenants like Home Depot, Giant Eagle Supermarket, Rite Aid, O’Reilly Auto Parts, and more. Other notable retailers in the nearby area include Save-A-Lot, Circle K, Advance Auto Parts, Dollar General, and Key Bank, amongst many others.

The property is centrally located just minutes from downtown Maple Heights. Several schools are in the nearby area, including Milkovich Middle School (817 students), Maple Heights High School (1,043 students), and Bedford High School (1,055 students). The property is close to many major employers; 165,983 daytime employees work within five miles of the property. The population in a three-mile radius of the property increases during business hours, with 79,685 daytime employees working in this area. Additionally, the property is supported by a large customer base, with a population of 180,863 within a five-mile radius.