7125 Aurora RdAurora, OH 44202

  • Land
  • 0.83 AC
For Sale
$1,650,000 View listing

Property Details for 7125 Aurora Rd

Lot size
0.83 AC
Property type
Land
Property subtype
Commercial land
APN
02-421496
APU
2421496

Description

This exceptional investment opportunity presents a 2,049 square foot Taco Bell restaurant situated on a 0.79-acre lot in Aurora, Ohio. The property boasts a new 25-year NNN ground lease with a highly reputable 270+ unit franchisee, ensuring consistent cash flow. Rent increases by 10% every five years, providing significant long-term growth potential. Strategically located as an outparcel to a busy Walmart and Kohl's shopping center, this location benefits from over 4.3 million annual customer visits. The property enjoys high visibility from its corner lot position in an affluent Cleveland suburb with an average household income of $158,000. Built in 2024, the building is part of a thriving "restaurant row" including Starbucks, Bob Evans, and McDonald's. The property's prime location along a four-lane state highway (19,289 vehicles per day) ensures exceptional exposure and accessibility. The strong NOI of $80,000 and a 4.85% cap rate make this a compelling investment with a current asking price of $1,650,000 ($805.27 per square foot). This is a rare opportunity to acquire a high-performing, passively managed asset with substantial long-term growth prospects.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $7,444,901
    Hospitality
    $6,819,489
    Educational
    $5,673,735
    Medical
    $5,868,864
    Retail
    $8,825,810
7125 Aurora Rd, Aurora, Ohio

Location Insight

City
Aurora
County
Geauga
State
Ohio
Latitude
41.4995
Longitude
-81.1787
CBSA code
17460
CBSA name
CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$8,612
$113,890
-
$113,890
-
$325,400
-
$325,400

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