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
- Tenant Has Exercised Two Early Extensions of the Lease With the Most Recent in 2021
- Investment Grade Credit | More Than 4,800 Stores | Baa2/BBB-
- 7.22% Rent Increase in Option 1 & 7% Each Option Thereafter
- Signalized Corner Parcel at the Intersection of Henderson Dr & Broadway Ave | Combined 19,686 VPD
- Approx. 2 Minutes From the Entrance of US Steel Corp | 950-Acre Industrial Site Serving as a Main Port for US Steel on Lake Erie
- Less Than 10 Minutes From Mercy Regional Medical Center of Lorain | 338 Beds
PROPERTY FACTS
Property Type
Retail
Property Subtype
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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