4070 Interchange Corporate Center Rd | Warrensville Heights, OH 44128
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4070 Interchange Corporate Center Rd
Warrensville Heights, OH 44128
Carvana · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- 17 years remaining with four five-year options to renew on an Absolute NNN lease
- Carvana lease features rental increases - lesser of approx. 8.66% or 1.25 x 5-year CPI - every 5 years in the base term and in each option period
- Close proximity to large employers and economic drivers including Cuyahoga Community College, Cleveland Clinic Hospital, UH Ahuja Medical Center
- Lease is corporately guaranteed by Carvana LLC (NYSE: CVNA), the leading e-commerce platform for buying/selling used cars - 2022 revenue of $14.5+B
- 8 Story Car Vending Machine: significant frontage, excellent visibility from I-271 (158,700 VPD), access to the interstate less than a mile away
- Warrensville Heights is only 16 miles from Downtown Cleveland and features more than 185,000 residents/AHI of $100,000 within 5 miles
PROPERTY FACTS
Property Type
Retail
Property Subtype
Auto Dealership
Building Size
8,408 SF
Building Class
B
Year Built
2017
Tenancy
Single
Building Height
8 Stories
Building FAR
0.05
Lot Size
4.09 AC
Zoning
U-7A - Planned Development District
Parking
50 Spaces (5.83 Spaces per 1,000 SF Leased)
Frontage
60’ on Interchange Corporate Rd
AMENITIES
- Freeway Visibility
- Signage
PROPERTY TAXES
| Parcel Number | 763-19-088 | Improvements Assessment | $542,115 |
| Land Assessment | $752,710 | Total Assessment | $1,294,825 |
PROPERTY TAXES
Parcel Number
763-19-088
Land Assessment
$752,710
Improvements Assessment
$542,115
Total Assessment
$1,294,825
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