3350 E 116th St | Cleveland, OH 44120
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- LoopNet Team
3350 E 116th St
Cleveland, OH 44120
Cleveland Gas Station · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Rare 25 year absolute NNN lease structure with 2% annual rental increases to provide a hedge against inflation.
- Situated nearby to other national tenants such as Aldi, AutoZone Auto Parts, Mcdonald’s, and Family Dollar.
- Strong lease guarantee, a $47.7 Billion Dollar Revenue Company
- Densely populated area with approximately 315,000 people living with a 5 mile radius.
- Asset qualifies for accelerated depreciation
PROPERTY FACTS
Property Type
Retail
Property Subtype
Convenience Store
Building Size
1,509 SF
Building Class
B
Year Built
1963
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.38 AC
Zoning
LR
Frontage
PROPERTY TAXES
| Parcel Number | 127-21-015 | Improvements Assessment | $38,115 |
| Land Assessment | $16,310 | Total Assessment | $54,425 |
PROPERTY TAXES
Parcel Number
127-21-015
Land Assessment
$16,310
Improvements Assessment
$38,115
Total Assessment
$54,425
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