4660 Northfield Rd, North Randall, OH 44128

Property Highlights

• Long-Term Lease: Features over ~18.5 years of remaining lease term with 10% increases every 5 years, providing investors with long-term cash flow and a hedge against inflation.
• Absolute NNN Lease: A truly passive investment with zero landlord responsibilities, delivering hands-off ownership. The tenant covers all expenses including taxes, insurance, and all property maintenance.
• Full Basis Recapture: In-place lease structure is projected to fully recapture the initial investment through contractual rental income within the base term, without relying on renewal options or exit assumptions.
• Low Rent/Low Basis: Current rent of $82,500 annually reflects a conservative occupancy cost, while the asset is expected to trade well below replacement cost – supporting long-term stability and strong residual value.
• Institutional-Grade Franchisee: The property is leased to Pacific Bells LLC, one of the largest Taco Bell franchisees in the U.S., operating +300 locations nationwide, and~50 Taco Bell locations in the greater Cleveland market. Their size and affiliation with Yum! Brands provide strong operational infrastructure, capital backing, and long-term tenant stability.

Location Highlights

• Proximity to 1M+ SF Mission-Critical Amazon Fulfillment Center: The Property is strategically positioned just minutes from Amazon’s 1M+ SF CLE2 Fulfillment Center, employing approximately 2,000+ workers and operating 24/7. This major employment hub drives consistent daily traffic and supports strong quick-service restaurant demand.
• Dense demographics: The property is strategically positioned within a densely populated trade area of more than 200,000 residents within a 5-mile radius, providing a deep and reliable consumer base that supports sustained traffic and long-term tenant performance.
• Large Lot Size: With nearly a full acre parcel, the site provides generous parking, optimized drive-thru flow, and room to adapt or expand, further enhancing long-term real estate value.
• Out-parcel to Top Performing Aldi: Positioned as an outparcel to a top 10% nationally performing Aldi, the property benefits from strong co-tenancy, daily traffic drivers, and enhanced visibility in a proven retail destination.
• Located just off Hwy 480: Situated just off Hwy 480, which carries over ±144,820 vehicles per day, the property benefits from exceptional visibility, consistent daily traffic, and easy access for customers.