15344 Snow RdBrook Park, OH 44142

Property Details for 15344 Snow Rd

Lot size

0.14 AC

Zone code

U-3B

Property type

Banks

APN

343-21-185

APU

34321185

Description

This exceptional investment opportunity presents a fee-simple ownership of a 2,377 square foot, single-story building housing a Biggby Coffee and a PNC ATM. Located at 15344 Snow Rd, Brook Park, OH 44142, this property boasts a prime location on a high-traffic retail corridor with 22,746 AADT on Snow Road, and proximity to major roadways (I-71) and Cleveland Hopkins International Airport. The building, constructed in 1974 and renovated in 2022, sits on a 0.61-acre lot. The Biggby Coffee operates under a 10-year NNN lease (commencing November 1, 2022, expiring November 1, 2032) with a franchisee tenant and includes 3% rent bumps every 5 years and two 5-year renewal options. The PNC ATM operates under a 7.5-year lease with a one-year renewal option. The property benefits from strong demographics, including a 5-mile population of 256,842 and a 1-mile average household income of $66,460. Excellent co-tenancy includes Planet Fitness, Rite Aid, McDonald's, KFC, Rally's, Taco Bell, Burger King, Arby's, CVS, Little Caesars Pizza, and Dunkin'. The asking price is $960,000, reflecting a 6.50% cap rate based on a net operating income (NOI) of $62,400. This property offers a compelling investment opportunity due to its strong tenant mix, favorable lease terms, and prime location. The dual drive-thru configuration further enhances its appeal and operational efficiency.

Location Insight

City

Brook Park

County

Cuyahoga

State

Ohio

Latitude

41.4041

Longitude

-81.8052

CBSA code

17460

CBSA name

CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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