Listed by KW Commercial Keller Williams Greater Cleveland NE
$2,800,000
Investment Property--Single Tenant Asset with 10-Year Lease
Details
APN 27-B-037-0-00-006-0 27-B-037-0-00-005-0
Property Type Retail
Sub Type Restaurant
Square Footage 8,700
Cap Rate 6.00%
Occupancy 100%
Tenancy Single
Lease Type NNN
Remaining Term 10
Price per SqFt $322
Class A
Year Built 2016
Stories 2
Acreage 1.560
Zoning C-M
Investment Type Value Add
Occupancy Date 03/15/2025
Ground Lease No
Single Tenant Asset with 10 Year Lease
Marketing description
Investment Opportunity--New Single Tenant Asset--10-year Lease. PRIME LOCATION for an exceptional investment opportunity in Historic Downtown Willoughby! This stunning 8,700 SF modern two-story building was constructed in 2016 for fine dining restaurant. This venue is located adjacent to the Chagrin River near a high traffic intersection with high visibility on Erie Street off of Route 20. Experience Northeast Ohio's favorite destination for restaurants, bars, shopping, and year-round entertainment and activities!
Investment highlights
- 8700 SF modern two-story building
- Constructed in 2016
- Zoned as C-M for flexibility
- A1A, A1C, D6 liquor license
- Prime location in DTW, Northeast Cleveland area
- Versatile layout for retail/restaurant concepts
- Ample space for various business needs
- Contemporary design and amenities
- Massive onsite parking lot
- Visibility and accessibility for customers
- Ideal for retail, dining, brewery ventures
- Potential for expansion and growth opportunities
Listing Contacts
Listed by KW Commercial Keller Williams Greater Cleveland NE
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--
Valuation Metrics
0
DSCR
--
Cap Rate
--
ROI
Map
Broker Selected Comps View More Comps
Property History
Similar Properties
Additional Information
Name
License
Brokerage
Brokerage Phone
Title
Brokerage Address
Is there information that looks off?
