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Former KeyBank 5637 Mayfield Rd 3,889 SF Retail Building Cleveland, OH 44124 $1,995,000 ($512.99/SF) 15.95% Cap Rate
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
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
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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