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Take 5 | Abs NNN | Cleveland MSA 17780 Bagley Rd 1,610 SF Retail Building Cleveland, OH 44130 $1,455,000 ($903.73/SF) 5.75% Cap Rate
INVESTMENT HIGHLIGHTS
- Take 5 Oil Change Absolute NNN Lease with 12 Years Remaining in Middleburg Heights, OH (Cleveland MSA)
- Irreplaceable Location at Hard Corner with a Combined 36,310 VPD
- 1.5% Annual Rent Increases During Initial Term & All Options; Adds Over 100 bps to CAP Rate by Current 2036 Lease Expiration
- Prime Highway-Exit Site – Just 0.1-Mile from I-71 Exit Ramps; I-71 Sees 105,400 VPD
- Longstanding Tenant with New 15-Year Lease Commenced in December 2021
- Completely Passive Ownership with Zero Landlord Management or Expense Responsibilities
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
1,610 SF
Year Built/Renovated
1972/2017
Price
$1,455,000
Price Per SF
$903.73
Cap Rate
5.75%
NOI
$83,654
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
0.34 AC
Zoning
GB
Parking
50 Spaces (3.73 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Signage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 371-22-010 | Improvements Assessment | $60,620 |
| Land Assessment | $97,230 | Total Assessment | $157,850 |
PROPERTY TAXES
Parcel Number
371-22-010
Land Assessment
$97,230
Improvements Assessment
$60,620
Total Assessment
$157,850
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Take 5 | Abs NNN | Cleveland MSA | 17780 Bagley Rd
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