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5945 Mayfield Rd 5,500 SF Retail Building Mayfield Heights, OH 44124 $3,457,143 ($628.57/SF) 5.25% Cap Rate
Investment Highlights
- Prime Mayfield Road in Mayfield Heights
- 7 Year NNN Lease
- Complete Renovation 2025
- Largest Credit Union In The World
- No Landlord Responsibility
- Rent Increase Year 4
Executive Summary
Navy Federal Credit Union-largest Credit Union in the world. Brand new 7 year NNN Lease. No Landlord responsibility. Mayfield Road in prime Mayfield Heights, Ohio. Complete renovation in 2025.
Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
5,500 SF
Building Class
B
Year Built/Renovated
1995/2025
Price
$3,457,143
Price Per SF
$628.57
Cap Rate
5.25%
NOI
$181,500
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
0.74 AC
Zoning
U4, Mayfield Heights
Parking
44 Spaces (8 Spaces per 1,000 SF Leased)
Frontage
37’ on Mayfield Rd
Walk Score®
Very Walkable (72)
Nearby Major Retailers
Property Taxes
| Parcel Number | 861-09-044 | Improvements Assessment | $208,845 |
| Land Assessment | $113,400 | Total Assessment | $322,245 |
Property Taxes
Parcel Number
861-09-044
Land Assessment
$113,400
Improvements Assessment
$208,845
Total Assessment
$322,245
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Presented by
Arch Real Estate Group
5945 Mayfield Rd
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