National real estate developer, Skilken Gold, announced the sale of a one-acre site, home to a KFC restaurant in Elyria, Ohio, a city in the Greater Cleveland Metropolitan area. Situated at 3815 Chestnut Ridge Road, the property was purchased by a private commercial real estate investor.
Skilken Gold initially purchased the site in June 2019 and developed the approximately 2,200-square-foot, 42-seat KFC restaurant for Dallas-based Mitra QSR. Mitra QSR is the country’s fourth largest domestic franchisee of KFC restaurants and one of the 50th largest franchisees in the country.
Cushman Wakefield’s Ryan Forsyth and Vince Aicale represented Skilken Gold in the transaction.
“The property offers high-volume traffic, ease of accessibility and proximity to the Panera and Walmart Supercenter at the same intersection,” said Isaac Gold, Skilken Gold’s Vice President of Real Estate. “The location is extremely desirable, and the tenant is long term and thriving.”
The transaction follows the sale of another Skilken Gold property in greater Cleveland, also developed for Mitra KFC, at 5516 Warrensville Center Road in Maple Heights.
“Mitra QSR has been an exciting partnership for us, and we love the Cleveland market, “ said Gold.
According to Gold, the company is actively working in Cleveland for clients Starbucks and Sheetz.
“We’re thrilled to be locating sites and moving development projects forward for both of these mega brands,” Gold said.
Skilken Gold, a fourth-generation family-owned business, specializes in retail development and touts an impressive array of national clients. The company is a Preferred Real Estate Developer for Sheetz, Starbucks, Publix, Walmart and DQ. Other notable retail clients include Wendy’s, Kroger, Andy’s Frozen Custard, KFC, Burger King, Popeye’s and other major brands.
Skilken Gold is headquartered in Columbus, Ohio.