Wendy's - Parma Heights, OH
6530 Pearl Rd, Parma Heights, OH 44130
Marketing description
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 $2,533,028 with an annual NOI of $132,984, the asset reflects an approximate 5.25% 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.
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.
- $132,984 Annual NOI - Stable income from a nationally recognized brand.
- 10% Rent Increases Every 5 Years - Built-in rental growth throughout the term.
- Two (2) Five-Year Options - Potential extension beyond 2046.
- 0.7-Acre Site (36,139 SF) - Strong visibility with ample parking and drive-thru. 2,400 SF - Modern freestanding retail building.
- Prime Pearl Road Location - High-traffic corridor in Parma Heights within the Cleveland MSA.
- Recession-Resistant Retail - Value-driven quick-service dining concept.
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Zoning
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Is there information that looks off?
