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5637 Mayfield Rd
Cleveland, OH 44124
Former KeyBank · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- NNN Lease | Limited Landlord Responsibilities
- Corporate Guarantee | S&P Credit Rating "A-"
- Excellent Visibility and Easily Accessible from Main Roads
- 1-Year Remaining on Original 15 Year Lease Term
- Hard Corner Signalized Intersection | Mayfield Rd and Brainard Rd
- Located in a Densely-Populated and Affluent Cleveland Sub-Market with Close Proximity to Interstate-271
EXECUTIVE SUMMARY
FORMER KEYBANK | ALL-BRICK CONSTRUCTION | HARD CORNER LOCATION (40,000VPD+) | DRIVE-THRU CAPABILITY
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Bank
Building Size
3,889 SF
Building Class
B
Year Built
2010
Price
$1,995,000
Price Per SF
$512.99
Cap Rate
15.95%
NOI
$318,171
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.89 AC
Zoning
CRG
Parking
16 Spaces (4.13 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Pylon Sign
- Signage
- Drive Thru
PROPERTY TAXES
| Parcel Number | 712-21-012 | Improvements Assessment | $367,010 |
| Land Assessment | $317,065 | Total Assessment | $684,075 |
PROPERTY TAXES
Parcel Number
712-21-012
Land Assessment
$317,065
Improvements Assessment
$367,010
Total Assessment
$684,075
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