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Browse More Listings in Retail For Sale, Cleveland, OH or Ohio

Retail Property For Sale

Auto Accents Building Near Beachwood

4681 Northfield Rd, Cleveland, OH 44128

Price:
$2,500,000
Building Size:
8,500 SF
Price/SF:
$294.12
Property Type:
Retail
Property Sub-type:
Free Standing Bldg
Additional Sub-types:
Service/Gas Station
Vehicle Related
Strip Center
Property Use Type:
Net Lease Investment with 5 years left on lease
Occupancy:
100%
No. Stories:
1
Tenancy:
Multiple
Year Built:
1998
Lot Size:
1.10 AC
Parking Ratio:
11 / 1,000 SF
Find Out More...

Last Verified 10/13/2009 Listing ID 14659341

Highlights

Fully rented High traffic
100% Leased
Generates good cash flow

Priced below replacement cost
Leases are NNN - Little maintenance
Great Location

Description

Across the street from the proposed CASINO in OHIO and large enough to fit amany projects.
This facility near I 271 & I 480 on the busy street of Northfield (Ohio S.R. 8) on the way home for beachwood residents and is already occupied by a AAA national tenant and by a Carribean Food Retailer (Approximatly 100% occupied.
Built in 2 stages - 1988 and 1998 - this is a nice building and will make a good investment.
Its cash flow covers its debt and there is 40% of the building to rent yet.
Remaining space is ideal for Automotive operation (Muffler shop, repair center, customizing store, transmission store or body shop or any other automotive use.
Over 100 parking spaces makes this an ideal space for a fast growing investment.

Located minutes from beachwood mall, and chagrin rd on the very busy Northfield rd. This is an ideal location for a good business.

Financial Summary

Major Tenant Information

Debt & Equity Information

Actual
Year
2006
Scheduled Gross Income
$101,000
Effective Gross Income
$101,000
Operating Expenses
$101,000
Net Operating Income
$84,500
Pre-Tax Cash Flow
$84,500

Tenant	SF Occupied	Lease Expired
QC Finance Company (Publicly Traded) AAA	3,000	5/1/2010
Tradewind Foods	1,650	3/1/2009
Mall Displays	500	12/1/2009
Auto Accents	3,350	8/1/2011

Map of 4681 Northfield Rd, Cleveland, OH 44128 (Cuyahoga County)

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Created 6/12/2006

Additional Information for 4681 Northfield Road, Cleveland, OH 44128

Active For Sale - 1 Listing
Active For Lease - 0 Listing
Previously Listed - 0 Historic Listing
Sales Comparables Available - 0 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

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Retail Property For Sale - Auto Accents Building Near Beachwood

4681 Northfield Rd, Cleveland, OH, 44128