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Meineke Car Care 4868 Ledgewood Dr 4,495 SF Retail Building Medina, OH 44256 $1,705,233 ($379.36/SF) 6% Cap Rate
Investment Highlights
- New 20 Year NNN Lease
- Surrounded By National Tenants
- Personal + Franchisee Guarantee (39 Units)
- High Traffic Counts
Executive Summary
Surmount is pleased to present the exclusive listing for a Meineke Car Care located at 4868 Ledgewood Drive, Medina, OH 44256. The site consists of roughly 4,495 rentable square feet of building space on an estimated .616-acre parcel of land. Meineke Car Care is subject to a 20-year Triple Net (NNN) lease, which commenced 11.10.2025. The current annual rent is $102,314 and has scheduled increases of 10.00% Every 5 Years.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Building Size
4,495 SF
Building Class
B
Year Built/Renovated
1996/2026
Price
$1,705,233
Price Per SF
$379.36
Cap Rate
6%
NOI
$102,314
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
0.62 AC
Frontage
105’ on Ledgewood Dr
Amenities
- Signage
Fairly walkable
40/100
Very drivable
80/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 026-06C-12-016 | Improvements Assessment | $105,780 |
| Land Assessment | $79,070 | Total Assessment | $184,850 |
Property Taxes
Parcel Number
026-06C-12-016
Land Assessment
$79,070
Improvements Assessment
$105,780
Total Assessment
$184,850
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Meineke Car Care | 4868 Ledgewood Dr
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