BUCA DI BEPPO

16677 Southpark CTR, Strongsville, OH 44136
$2,365,000

Cap Rate
6.50%
Gross SQFT
8,563
Year Built
2003
Term Remaining
±5.8 Yrs
NOI
$153,698
Property Type
Retail

INVESTMENT HIGHLIGHTS

  • Corporate Guarantee – The lease is guaranteed by Buca Restaurants, Inc., providing an investor with a strong backing of rental payment and tenant lease obligations for long-term secure cash flow.
  • Long-Term Operating History – The property has successfully run as a Buca Di Beppo restaurant for 20+ years. Furthermore, Buca has exercised three (3) lease renewal options displaying a strong commitment to the location.
  • Absolute NNN Lease – The tenant is responsible for all expenses and maintenance providing an investor with passive income and zero landlord responsibilities.
  • South Park Mall – The property is an outparcel to the South Park Mall, which is the largest mall in Northeast Ohio. Some of the anchor tenants of the mall are Dillard’s, Macy’s, JC Penney, DICKS Sporting Goods, and Kohls, to name a few. In addition to the aforementioned brands, the mall has ±170 other tenants on the premises.
  • High Traffic Counts and Affluent Demographics – The Buca Di Beppo property is located right off Royalton Road, which sees north of ±41,000 vehicles per day. The average household income is $102,000, and there are more than 120,000 people in a 5-mile radius.
  • Strong Retail Synergy – Buca di Beppo is situated in the main retail corridor next to many premium national retailers such as Costco, Target, Best Buy, T.J. Maxx, Starbucks, Chick-Fil-A, Petco, and Bed Bath & Beyond.

Broker of Record

  • Kyle Matthews
  • License No. REC.2020005555 (OH)
  • (866) 889-0550
  • Matthews Retail Group, Inc.
  • 2321 Rosecrans Ave.,
    Suite 1225 El Segundo, CA 90245