Listed by SRS Real Estate Partners New York, SRS Louisville
$785,000
Papa Johns
Details
APN 542-30-009
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 1,274
Units 4
Cap Rate 5.5%
NOI $43,200
Tenancy Single
Lease Type Absolute NNN
Lease Term 20
Lease Expiration 03/22/2038
Remaining Term 11.7
Rent Bumps Yes
Lease Options 4 (5-Year)
Year Built 1948
Acreage 0.110
Zoning Turney Road Core Mixed-Use (TRCMU)
Parking Spaces 4 spaces
Parking per 1,000 SqFt 3.14
Investment Type Net Lease
Tenant Credit Credit Rated
Lease Commencement 03/23/2018
Ground Lease No
Ownership Fee Simple (Land & Building Ownership)
Retail | 5.50% CAP | 1,274 SqFt
Investment highlights
- 11+ Years Remaining | Options To Extend | 8% Rental Increases | Top-Performing Store
- Absolute NNN | Zero Landlord Responsibilities
- Dense Retail Corridor | Proximity To Community Anchors
- Frontage On Turney Rd (20,200 VPD) | Just Off I-480 (149,800 VPD)
- Strong Demographics In The 5-Mile Trade Area | Cleveland MSA
Listing Contacts
Listed by SRS Real Estate Partners New York, SRS Louisville
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$43,200.00
$3,600.00/mo
Valuation Metrics
0
DSCR
5.5%
Cap Rate
5.5%
ROI
Map
Zoning
TRCMU MixedMixed UseTurney Road Core Mixed Use
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View all 36 uses
View all 36 uses Last updated May 15, 2026 For deeper zoning details, reports are available at Zoneomics
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