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POPEYES - MIDDLEBURG HEIGHTS, OH 17505 Bagley Rd 2,089 sq ft 4-Star Retail Property Middleburg Heights, OH 44130 £2,108,687 (£1,009.42/sq ft) 6.15% Net Initial Yield
INVESTMENT HIGHLIGHTS
- 20-YEAR ABSOLUTE NNN LEASE: Brand new 20-year Absolute NNN lease with attractive 10% rental escalations every 5 years
- The Lease is personally guaranteed by both owner/operators with VERY HIGH COMBINED NET WORTH!
- TRAFFIC COUNTS: Positioned on a ±0.76-acre lot with great access/visibility on Bagley Rd (main east/west thoroughfare) with traffic counts 24,721 CPD
- OPERATOR | GUARANTORS: Seasoned owner/operator of five successful Popeyes locations throughout Ohio and founder of Sidhu Realty Capital
- BRAND NEW CONSTRUCTION: New, high-quality, build-to-suit construction of Popeyes newest prototype - slated to open September 2025
- 2024 DEMOGRAPHICS: Total Population (5MI): 177,379| Average Household Income (1MI): $100,179
EXECUTIVE SUMMARY
(Building & Land) Fee Simple
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Property Size
2,089 sq ft
Costar Property Class
B
LoopNet Rating
4 Star
Year Built
2025
Construction Status
Under Construction
Price
£2,108,687
Price per sq ft
£1,009.42
Yield
6.15%
NOI
£129,663
Tenancy
Single
Number of Floors
1
Plot ratio
0.06
Total Plot Size
0.76 ac
Use Class
C - Commercial
AMENITIES
- Signage
- Drive Thru
MAJOR TENANTS
- TENANT
- INDUSTRY
- sq ft OCCUPIED
- RENT/sq ft
- LEASE END
- Popeyes
- Accommodation and Food Services
- 2,089 sq ft
- -
- Aug 2045
| TENANT | INDUSTRY | sq ft OCCUPIED | RENT/sq ft | LEASE END | ||
| Popeyes | Accommodation and Food Services | 2,089 sq ft | - | Aug 2045 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 373-23-049 | Improvements Assessment | £1,686 |
| Land Assessment | £255,747 | Total Assessment | £257,432 |
PROPERTY TAXES
Parcel Number
373-23-049
Land Assessment
£255,747
Improvements Assessment
£1,686
Total Assessment
£257,432
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POPEYES - MIDDLEBURG HEIGHTS, OH | 17505 Bagley Rd
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