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508 Avon Belden Rd
Avon Lake, OH 44012
BP Gas Station | Abs. NNN | 11 Yrs Remaining · Retail Property For Sale
Investment Highlights
- BP Gas Absolute NNN Lease with 10 Years Remaining in Avon Lake, Ohio (Cleveland MSA)
- Fee-Simple Absolute NNN Lease Structure – Zero Landlord Responsibilities & Ability to Depreciate Improvements
- Located at the Busiest Intersection in Avon Lake with 28,500 Cars/Day – Hard Corner Signalized Intersection of Walker Road & Avon Belden Road
- 2% Annual Rent Increases in Base Term and Options Provides Inflation Hedge & Substantial NOI Growth Over Hold Period
- Increased Tax Savings & Cash Flow – 15-Year Accelerated Depreciation Schedule
- 8-Pump Gas Station and Convenience Store with Four Points of Ingress/Egress on to Both Avon Belden Road & Walker Road Providing Maximum Accessibility
Property Facts
Property Type
Retail
Property Subtype
Building Size
1,661 SF
Building Class
C
Year Built
1994
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.51 AC
Zoning
commercial
Frontage
105’ on Walker Road
Property Taxes
| Parcel Number | 04-00-017-103-126 | Improvements Assessment | $481,250 |
| Land Assessment | $204,110 | Total Assessment | $685,360 |
Property Taxes
Parcel Number
04-00-017-103-126
Land Assessment
$204,110
Improvements Assessment
$481,250
Total Assessment
$685,360
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