17878 Royalton Rd | Strongsville, OH 44136
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- LoopNet Team
17878 Royalton Rd
Strongsville, OH 44136
Royalton Collection | New Construction Strip · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Generational Class “A” New Construction 6-Tenant Strip Center Offering in Strongsville, OH (Cleveland MSA)
- All-National & Regional Tenants Including Spectrum, City BBQ, Sleep Number, Tropical Smoothie Café, Red Wing Shoes & Teriyaki Madness
- All Tenants Have Scheduled Rent Increases in Current Term Providing Organic NOI Growth & Inflation Hedge
- Weighted Average Lease Term of 8.3 Years Remaining
- Premier Location & Demographics – Excellent Positioning within a Primary Retail Node with AHHI of $95-105K in 1/3/5-Mile Radii
- Strong Recovery of Landlord Operating Expenses via All- NNN Lease Terms – 100% Recovery of Real Estate Taxes, Insurance & CAM
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
15,416 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2021
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.21
Lot Size
1.70 AC
Zoning
OB
Parking
59 Spaces (3.83 Spaces per 1,000 SF Leased)
Frontage
250’ on Royalton Road
PROPERTY TAXES
| Parcel Number | 396-12-033 | Improvements Assessment | $8,772,200 |
| Land Assessment | $2,864,800 | Total Assessment | $11,637,000 |
PROPERTY TAXES
Parcel Number
396-12-033
Land Assessment
$2,864,800
Improvements Assessment
$8,772,200
Total Assessment
$11,637,000
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