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12616 Chillicothe Rd 9,002 SF Retail Building Chesterland, OH 44026 $1,368,500 ($152.02/SF) 7.50% Cap Rate
Investment Highlights
- NNN lease with corporate guaranty and 5+ years of term remaining
- Located adjacent to West Geauga Plaza in the heart of Chesterland's commercial district
- 9,002 SF freestanding building on 3.55 AC parcel
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,002 SF
Building Class
B
Year Built
2016
Price
$1,368,500
Price Per SF
$152.02
Cap Rate
7.50%
NOI
$102,635
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
3.55 AC
Parking
35 Spaces (3.88 Spaces per 1,000 SF Leased)
Frontage
281’ on Chillicothe Rd
Amenities
- Pylon Sign
- Signage
Nearby Major Retailers
Property Taxes
| Parcel Number | 11-338000 | Improvements Assessment | $230,760 |
| Land Assessment | $99,790 | Total Assessment | $330,550 |
Property Taxes
Parcel Number
11-338000
Land Assessment
$99,790
Improvements Assessment
$230,760
Total Assessment
$330,550
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12616 Chillicothe Rd
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