Restaurant
Tulum Mexican Restaurant
8910 Hadden Rd, Twinsburg, OH 44087
Listing Price: $1,860,000
Investment Overview
2022-Built STNL Mexican Restaurant at Highway-Exits in Affluent Cleveland Suburb. 5,000 SF Restaurant Building / Ample Parking / Large Outdoor Patio; Situated on 3-Acre Highway-Exit Site. Attractive Depreciation/Tax Lease Structure: All Fixtures, Attached, and/or Built-in to Kitchen/Property are Property of Landlord. Located Directly Adjacent to Signalized I-480 Exit Ramps; I-480 Sees 38,985 VPD. Located at One of Two Highway Exits Serving Twinsburg’s Massive & Growing Industrial Operations; Surrounded by 15 Million SF of Industrial Properties Leased to 97% Occupancy; 19,000 Daytime Employment.
Tulum Mexican Restaurant
Investment Highlights
- 2022-Built STNL Mexican Restaurant at Highway-Exits in Affluent Cleveland Suburb
- 15-Year Absolute NNN Lease with 12.75 Years Remaining; High-Yield 7.3% CAP Opportunity
- New Class "A" Build-to-Suit Construction Completed in 2022; Tenant Opened in January 2023
- Located Directly Adjacent to Signalized I-480 Exit Ramps; I-480 Sees 38,985 VPD
- 10% Rent Increases Every 5 Years of Initial Term; Adds 72 bps to CAP Rate in 2028 and Another 80 bps to CAP Rate in 2033
- Lease is Personally Guaranteed by Principal Owner of Restaurant Over Initial Term and All Options/Extensions
- Guarantor Obligations Include all Base Rent & NNNs; Joint & Several Liability with Tenant Entity
- Zero Landlord Responsibilities – Tenant Pays All Op- Expenses; Responsible for All CapEx Including Structural Repairs. Tenant Must Repair or Replace Roof to Provide 10 Years Useful Life Remaining Prior to Lease-End.
Exclusively Listed By
Listing Price: $1,860,000
Investment Highlights
- 2022-Built STNL Mexican Restaurant at Highway-Exits in Affluent Cleveland Suburb
- 15-Year Absolute NNN Lease with 12.75 Years Remaining; High-Yield 7.3% CAP Opportunity
- New Class "A" Build-to-Suit Construction Completed in 2022; Tenant Opened in January 2023
- Located Directly Adjacent to Signalized I-480 Exit Ramps; I-480 Sees 38,985 VPD
- 10% Rent Increases Every 5 Years of Initial Term; Adds 72 bps to CAP Rate in 2028 and Another 80 bps to CAP Rate in 2033
- Lease is Personally Guaranteed by Principal Owner of Restaurant Over Initial Term and All Options/Extensions
- Guarantor Obligations Include all Base Rent & NNNs; Joint & Several Liability with Tenant Entity
- Zero Landlord Responsibilities – Tenant Pays All Op- Expenses; Responsible for All CapEx Including Structural Repairs. Tenant Must Repair or Replace Roof to Provide 10 Years Useful Life Remaining Prior to Lease-End.
Investment Overview
2022-Built STNL Mexican Restaurant at Highway-Exits in Affluent Cleveland Suburb. 5,000 SF Restaurant Building / Ample Parking / Large Outdoor Patio; Situated on 3-Acre Highway-Exit Site. Attractive Depreciation/Tax Lease Structure: All Fixtures, Attached, and/or Built-in to Kitchen/Property are Property of Landlord. Located Directly Adjacent to Signalized I-480 Exit Ramps; I-480 Sees 38,985 VPD. Located at One of Two Highway Exits Serving Twinsburg’s Massive & Growing Industrial Operations; Surrounded by 15 Million SF of Industrial Properties Leased to 97% Occupancy; 19,000 Daytime Employment.
Exclusively Listed By
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