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Midas 10515 Northfield Rd 4,600 SF Retail Building Northfield, OH 44067 $2,145,050 ($466.32/SF) 5.65% Cap Rate
Investment Highlights
- Excellent Corporate Guarantee from Leading Tire Retailer
- Less Than Half a Mile from MGM Northfield Park
- Positioned Within an Industrial & Manufacturing Corridor
- Robust Unit - Level Performance
- Affluent Trade Area with Strong Traffic Counts
- Convenient Highway Access to Downtown Cleveland
Executive Summary
Surmount is pleased to present the exclusive listing for a Midas located at 10515 Northfield Road, Northfield, OH 44067. The site consists of roughly 4,600 rentable square feet of building space. Midas is subject to a 20-year Triple Net (NNN) lease which will commenced on September 1, 2026. The annual rent is $121,195 and has scheduled increases of 1.50% Annually Starting Year 7.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Repair
Building Size
4,600 SF
Building Class
B
Year Built
1981
Price
$2,145,050
Price Per SF
$466.32
Cap Rate
5.65%
NOI
$121,195
Tenancy
Single
Building Height
1 Story
Building FAR
0.32
Lot Size
0.33 AC
Frontage
Amenities
- Signage
Somewhat walkable
30/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 41-02039 | Improvements Assessment | $69,832 |
| Land Assessment | $31,500 | Total Assessment | $101,332 |
Property Taxes
Parcel Number
41-02039
Land Assessment
$31,500
Improvements Assessment
$69,832
Total Assessment
$101,332
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