2025 Broadway Ave | Lorain, OH 44052
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- LoopNet Team
2025 Broadway Ave
Lorain, OH 44052
Advance Auto Parts · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Attractive going-in yield of 7.2% for investors looking for strong returns with investment grade credit
- Ideal 1031 exchange opportunity for private investors seeking value in the $1-2 million range
- Approximately ±8% rental increases at each option
- High visibility and daily traffic counts, with 13,900 VPD along Broadway (Hwy 57) and 12,000 VPD along 21st St
- Advance Auto Parts has been at this location since 2004 and just exercised a (6) year extension in 2019 demonstrating its commitment to this site
- Advance Auto Parts recently partnered with Walmart to create an automotive specialty store on Walmart.com
PROPERTY FACTS
Property Type
Retail
Property Subtype
Freestanding
Building Size
6,626 SF
Building Class
C
Year Built
2004
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
0.71 AC
Zoning
B-2 - General Business
Parking
24 Spaces (3.43 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Corner Lot
- Pylon Sign
- Signalized Intersection
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $392,000 | |
| Land Assessment | $86,443 | Total Assessment | $478,443 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$86,443
Improvements Assessment
$392,000
Total Assessment
$478,443
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