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5274 N Abbe Rd
Sheffield Village, OH 44035
Ruby Tuesday - Sheffield Village, OH · Retail Property For Sale
Investment Highlights
- ±11.8 Years Remaining | Corporate Guarantee | Absolute NNN |StrategicallyLocated
- Dense Population | ±131,908People within a 5-Mile Radius | PositivePopulation Growth
- Sam’s Club and Regal Cinemas Outparcel | Entrance To Center At Pylon Signalized Corner
- High Performing Location | Above Average Sales | 75thPercentile Nationwide | 85th Percentile In OH
- Affluent Community | $97,992 Average Household Income within a 1-Mile Radius
- Across US Department Of Veteran Affairs Community-Based Outpatient Clinic
Executive Summary
This Ruby Tuesday building is located at 5274 N Abbe Rd, Sheffield Village, OH. The property consists of a single-story 4,914 SF structure that was built in 2000 on a 1.44 AC lot with wood frame construction and triple-net lease with Zero landlord responsibilities. The property is located along N. Abbe Road (24,400 VPD), and less than half a mile from State Highway 254 (31,900 VPD), a major eastwest thoroughfare for northern Ohio. The asset is well-positioned as an outparcel to a Sam’s Club and At Home anchored center nearby national/credit tenants include Burlington, ALDI, Dollar General, AutoZone, Harbor Freight Tools, and more, further increasing consumer draw to the trade area. The site is also half a mile north of Lorain County Community College with a student population of 11,500, providing Ruby Tuesday with a large nearby consumer base from which to draw from. The 5-mile trade area is supported by a population of over 131,000 with an average household income exceeding $81,000 and $98,000 in the 1-Mile.
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
4,914 SF
Building Class
B
Year Built
2000
Price
$2,100,000
Price Per SF
$427.35
Cap Rate
6.64%
NOI
$139,382
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
1.44 AC
Zoning
Commercial - commercial
Parking
82 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
80’ on Abbe Rd
Amenities
- Freeway Visibility
- Restaurant
- Signage
- Signalized Intersection
Property Taxes
| Parcel Number | 03-00-011-102-131 | Improvements Assessment | $236,954 |
| Land Assessment | $208,565 | Total Assessment | $445,519 |
Property Taxes
Parcel Number
03-00-011-102-131
Land Assessment
$208,565
Improvements Assessment
$236,954
Total Assessment
$445,519
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