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Planet Oil Change 18488 Pearl Rd 1,750 SF Retail Building Strongsville, OH 44136 $1,286,000 ($734.86/SF) 7% Cap Rate
Investment Highlights
- New construction 10-year lease
- Attractive low rent / price point
- May qualify for bonus depreciation
- Strong regional operator
- Affluent Cleveland MSA - $114,178 avg. HHI
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Auto Repair
Building Size
1,750 SF
Building Class
B
Year Built
2022
Price
$1,286,000
Price Per SF
$734.86
Cap Rate
7%
NOI
$90,020
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
0.79 AC
Zoning
GB
Parking
12 Spaces (6.86 Spaces per 1,000 SF Leased)
Frontage
176’ on Pearl Road
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 394-26-002 | Improvements Assessment | $0 |
| Land Assessment | $84,000 | Total Assessment | $84,000 |
Property Taxes
Parcel Number
394-26-002
Land Assessment
$84,000
Improvements Assessment
$0
Total Assessment
$84,000
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Planet Oil Change | 18488 Pearl Rd
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