Log In/Sign Up
Your email has been sent.
WetGo | 17yrs Remain Corp Abs NNN GL 6720 130th st 3,467 SF Retail Building Parma Heights, OH 44130 $1,905,000 ($549.47/SF) 5.25% Cap Rate
Investment Highlights
- 17 Years Remaining | Scheduled Rental Increases | Strong Corporate Guaranty
- Directly Across From Southland Shopping Center (9.1 M Annual Visits)
- Recently Acquired by Alimentation Couche-Tard (Circle K) | $1.6 Billion Acquisition | Investment-Grade Global Operator
- Absolute NNN Ground Lease | Leased Fee Ownership | Zero Landlord Responsibilities
- New ALDI & Starbucks Development | Frontage to 61,960 VPD
- Strong Demographics and Daytime Population in 5-Mile Trade Area
Executive Summary
SRS National Net Lease is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in an absolute NNN, corporate guaranteed WetGo Car Wash investment property located in Middleburg Heights, Ohio (Cleveland MSA). The guarantor, Giant Eagle, Inc., one of the largest privately held supermarket chains in the United States, generates approximately $8.6 billion in annual revenue across 200+ Giant Eagle and Market District supermarkets and pharmacie locations across the region. The property is leased on a 20-year ground lease with approximately 17 years remaining and 10% rental increases every five (5) years, including during the six (5-year) option periods, providing stable and growing income throughout the term. The lease is absolute NNN with zero landlord responsibilities, offering investors a hands-free, management-free investment backed by a strong corporate guarantor. WetGo represents Giant Eagle’s newest express car wash prototype, combining cutting-edge design and automation with brand recognition and customer loyalty throughout the Midwest.
Property Facts
Sale Type
Investment NNN
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Building Size
3,467 SF
Year Built
2023
Price
$1,905,000
Price Per SF
$549.47
Cap Rate
5.25%
NOI
$100,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
1.76 AC
Zoning
GB - General Business
Parking
16 Spaces (4.61 Spaces per 1,000 SF Leased)
Frontage
82’ on 130Th St
Amenities
- Corner Lot
- Pylon Sign
- Signage
- Signalized Intersection
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- WetGo Car Wash
- Retailer
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| WetGo Car Wash | Retailer | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 473-25-007 | Improvements Assessment | $75,285 |
| Land Assessment | $54,425 | Total Assessment | $129,710 |
Property Taxes
Parcel Number
473-25-007
Land Assessment
$54,425
Improvements Assessment
$75,285
Total Assessment
$129,710
Contacts
-
Greg Labarre -
Calvin Short -
Robert Donnell -
Matt Coates -
Sarah Shanks -
SRS Real Estate Partners
1 of 10
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
