January 10, 2025 – Hill Kanellos of Horvath & Tremblay has successfully completed the sale of a Biggby Coffee and PNC Bank ATM in Brook Park, Ohio. Horvath & Tremblay exclusively represented the buyer to complete the transaction at a sale price of $820,000.
The Property is located at 15344 Snow Road in Brook Park, Ohio. The Property is improved by a 2,377 square foot building that is 100% occupied by Biggby Coffee and PNC Bank, which operates a drive-up ATM on the site. Biggby Coffee has 7+ years remaining on their NN Lease with two (2), 5-year renewal options. PNC Bank has 4+ years remaining on their lease with one (1), 1-year renewal option. Biggby Coffee’s lease calls for 3% increases every five years throughout the primary lease term and at the start of each renewal option providing an attractive increase in revenue and hedge against inflation. The Property is well located along Snow Road, one of the area’s primary commercial and commuter corridors. The Property enjoys outstanding frontage and visibility and is seconds from Brook Park Plaza, a Giant Eagle anchored retail center. The Property is convenient to the national retailers and restaurants that drive traffic to the area and is surrounded by residential neighborhoods that provide a captive customer base. Additionally, the Property is 0.5-miles from Interstate 71 and 1.5-miles from Interstate 480 and Cleveland Hopkins International Airport.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.