Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a freestanding Popeyes Louisiana Kitchen drive-thru restaurant located along Northfield Road in North Randall, Ohio. This new 20-year NNN lease provides investors with long-term, passive income backed by a growing 13-unit Popeyes franchisee, positioned within a high-visibility commercial corridor in the Cleveland MSA. The property sits along Northfield Road, a primary commercial arterial with strong commuter traffic and direct connectivity to I-480 and I-271. The site benefits from excellent visibility, dedicated drive-thru access, and convenient ingress/egress—key attributes that support high-volume QSR performance. The surrounding area is undergoing significant redevelopment, anchored by the transformation of the former Randall Park Mall site into a major industrial hub featuring an 855,000+ SF Amazon fulfillment center employing more than 2,600 workers. Additional planned industrial development continues to drive daytime population and employment-based traffic to the corridor. The property is also proximate to Thistledown Racino, a major entertainment destination attracting more than 5 million annual visitors, as well as established retail centers including ALDI, Dollar Tree, Burger King, Wendy’s, Sherwin-Williams, and multiple national service and soft-goods retailers. Dense surrounding residential neighborhoods and a strong employment base further support consistent year-round sales performance. The new 20-year NNN lease commences at close of escrow and includes 10% rental increases every five years, along with four five-year renewal options. With zero landlord responsibilities and a contractual requirement for the tenant to fully remodel the property to current Popeyes brand standards by year-end 2027, the asset offers long-term income durability, built-in growth, and enhanced operational stability. This Popeyes represents a compelling opportunity to acquire a top-tier QSR brand in a high-traffic, redevelopment-driven corridor within the Cleveland metropolitan area.