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33658393
33658394

1330 SOM Center Road, Mayfield Heights, OH 44124

JF
CA 02100489
Marcus & Millichap - Los Angeles
TB
CA 02116455
Marcus & Millichap - Los Angeles
RN
01324570
Marcus & Millichap - Los Angeles
MG
OH 2007005898
Marcus & Millichap - Cleveland
Listed by Marcus & Millichap - Los Angeles, Marcus & Millichap - Cleveland
$3,434,790
3 days on market
Updated 3 days ago

Qdoba & DiBella’s | Dual Tenant NNN

Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant (+1)
Square Footage 6,043
Cap Rate 5.95%
NOI $204,370
Occupancy 100%
Tenancy Multi
Brand/Tenant Chipotle, Subway (+2)
Lease Type NNN
Lease Term 25
Remaining Term 10
Year Built 2012
Year Renovated 2026
Acreage 0.700
Tenant Credit Franchisee, Corporate Guarantee
Ground Lease No

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

Listing Contacts

JF
CA 02100489
Marcus & Millichap - Los Angeles
TB
CA 02116455
Marcus & Millichap - Los Angeles
RN
01324570
Marcus & Millichap - Los Angeles
MG
OH 2007005898
Marcus & Millichap - Cleveland
Listed by Marcus & Millichap - Los Angeles, Marcus & Millichap - Cleveland

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$204,370.00
$17,030.83/mo

Valuation Metrics

0
DSCR
5.95%
Cap Rate
5.95%
ROI

Map

Zoning

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U-4 CommercialRetail CommercialLocal Retail And Wholesale
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Last updated Apr 15, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Additional Information

Name
Michael Glass
License
BRK.2007005898
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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