Qdoba & DiBella’s | Dual Tenant NNN
Cleveland MSA | Extremely Dense & Wealthy Retail Corridor
Marketing description
Marcus & Millichap is pleased to offer a dual‑tenant Qdoba (franchisee) and DiBella’s Subs (corporate) retail center strategically positioned along SOM Center Road (SR‑91) in Mayfield Heights, a dense and highly trafficked infill submarket within the Cleveland MSA. The property sits within one of the Eastside’s most established commercial corridors, surrounded by national retailers, grocery anchors, and service‑oriented tenants that drive consistent daily traffic and cross‑shopping activity.
The asset is supported by long‑term NNN leases with both tenants, delivering predictable, passive income and a +/-10‑year WALT. Qdoba’s new lease commenced in 2026 with strong 12.5% rent escalations every five years, while DiBella’s has been operating at the site since 2011 under a corporate‑guaranteed lease with scheduled 10% rent increases. Both leases include multiple renewal options, providing long‑term occupancy stability and built‑in income growth.
Located in an affluent trade area with average household incomes of ~$133,000 within 3 miles, the property benefits from a strong surrounding residential base, major employment centers, and immediate proximity to I‑271, which carries ±81,590 VPD. The corridor continues to experience reinvestment, including new residential communities, retail redevelopments, and municipal improvements that reinforce long‑term demand.
This offering provides investors with a stable, low‑management NNN asset featuring two complementary fast‑casual brands, strong rent growth, and a prime infill location within one of Cleveland’s most desirable suburban markets.
Investment highlights
- Prime Cleveland MSA Infill Location
- Dual‑Tenant NNN Asset With +10‑Year WALT
- Complementary Fast‑Casual Brands Driving All‑Day Demand
- High‑Visibility Retail Corridor With Strong Fundamentals
- Growing Trade Area With Significant Development Activity
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