NNN Two-Tenant Restaurant Offering
For sale to qualified investors is the 100% fee-simple interest in the NNN-leased Soba Asian Kitchen and JZ Restaurant Group’s “Taco Roosters” in Cleveland Heights, Ohio. Located in the heart of Cleveland’s Coventry shopping district, this investment offers the purchaser the opportunity to own high profile/high traffic real estate with two hands-off, longterm leases in place. Soba has 5 years remaining on their 7 year lease and Coventry Bar & Grill is in year 2 of a 10 year term, and both tenants are responsible for their own repairs and maintenance, making the asset hands-off for the owner. The building has abundant parking and the only major outdoor patio area in all of Coventry Village. There are approximately 161,926 people within a just a 3 mile radius, making it one of the densest areas in Northeast Ohio. The property is situated on Coventry Road between Euclid Heights Blvd and Mayfield Road, adjacent to the public parking deck serving the shopping area. Known to Clevelanders simply as “Coventry,” this area is one of the most well known outdoor shopping venues in Cleveland. With its unique mix of progressive restaurants, fashion, and entertainment, the area sees customers from throughout Northeast Ohio and beyond. A few of the nearby retailers include Marc’s Grocery Store, Key Bank, Tommy’s, bd’s Mongolian Grill, Phoenix Coffee Company, Huntington Bank, Dave’s Cosmic Subs, Seafood Shake, Pho and Rice, High Thai’d Café, Record Revolution, Hunan Coventry, Tree Country Bistro and many more.