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6720 W 130th St - WetGo | 17yrs Remain Corp Abs NNN GL 3,400 SF Specialty Building Offered at $1,905,000 at a 5.25% Cap Rate in Middleburg Heights, OH 44130
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
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Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
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
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Greg Labarre -
Calvin Short -
Robert Donnell -
Matt Coates -
Sarah Shanks -
SRS Real Estate Partners
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