Restaurant
Blue Habanero
8934 Brecksville Rd, Brecksville, OH 44141
Listing Price: $989,000
Investment Overview
Marcus & Millichap is pleased to present Blue Habanero, a Prime Bite-Size Single-Tenant Investment Opportunity in Downtown Brecksville (Affluent Cleveland Suburb). 3,542 Square Foot Sit-Down Restaurant with Large Bar Area and Bi-Fold Glass Storefront. Opened Summer 2021 with Major Tenant Investment into Renovations. Just One Mile from I-77 Exit Ramps at Route 82 – I-77 Sees 25,690 Vehciles per Day. Main & Main Location Just off the Intersection of Route 82 & Route 21 which sees a Combined 35,346 Vehicles per Day.
Blue Habanero
Investment Highlights
- Prime Bite-Size Single-Tenant Investment Opportunity in Downtown Brecksville (Affluent Cleveland Suburb)
- $119K / $120K / $115K Average Household Incomes Within One, Three, and Five Mile Radius Rings
- Reported Extremely Strong Sales of $1.8 Million for 2023; Low 5 Percent Rent-to-Sales Ratio
- Four Unit Corporate Lease Entity/Guaranty; the Ayala Family (Along with Partners) Owns and Operates 28 Restaurants Around Northeast Ohio
- Tenant In-Place thru June 2028; Over Four Years of Term Remaining with 1 Percent Annual Increases
- Low $26 per Square Foot Triple-Net Rent Level | Low Occupancy Cost Supports Long-Term Business Profitability
- Base Year Modified Triple-Net Lease Structure Protects Landlord from Net Operable Income Slippage Due to any Future Tax or Insurance Increases
- Minimal Landlord Responsibilities with 4 Percent Management Fee taken out of Net Operable Income; 7.9 Percent Cap Rate if Self-Managed
Listing Price: $989,000
Investment Highlights
- Prime Bite-Size Single-Tenant Investment Opportunity in Downtown Brecksville (Affluent Cleveland Suburb)
- $119K / $120K / $115K Average Household Incomes Within One, Three, and Five Mile Radius Rings
- Reported Extremely Strong Sales of $1.8 Million for 2023; Low 5 Percent Rent-to-Sales Ratio
- Four Unit Corporate Lease Entity/Guaranty; the Ayala Family (Along with Partners) Owns and Operates 28 Restaurants Around Northeast Ohio
- Tenant In-Place thru June 2028; Over Four Years of Term Remaining with 1 Percent Annual Increases
- Low $26 per Square Foot Triple-Net Rent Level | Low Occupancy Cost Supports Long-Term Business Profitability
- Base Year Modified Triple-Net Lease Structure Protects Landlord from Net Operable Income Slippage Due to any Future Tax or Insurance Increases
- Minimal Landlord Responsibilities with 4 Percent Management Fee taken out of Net Operable Income; 7.9 Percent Cap Rate if Self-Managed
Investment Overview
Marcus & Millichap is pleased to present Blue Habanero, a Prime Bite-Size Single-Tenant Investment Opportunity in Downtown Brecksville (Affluent Cleveland Suburb). 3,542 Square Foot Sit-Down Restaurant with Large Bar Area and Bi-Fold Glass Storefront. Opened Summer 2021 with Major Tenant Investment into Renovations. Just One Mile from I-77 Exit Ramps at Route 82 – I-77 Sees 25,690 Vehciles per Day. Main & Main Location Just off the Intersection of Route 82 & Route 21 which sees a Combined 35,346 Vehicles per Day.
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