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AT&T 7470 Brookpark Rd 1,600 SF Retail Building Cleveland, OH 44129 $575,000 ($359.38/SF) 6.91% Cap Rate
Investment Highlights
- 1,600 SF Single-Tenant Gross-Leased AT&T | 54’ Of Frontage Along Brookpark Road With Two Curb Cuts | 41 Surface Parking Spaces
- High-Visibility Location @ Intersection Of Brookpark Rd & Ridge Rd | 40,832 Vehicles Per Day Intersection | Direct Access To A Major Retail Corridor
- Tenant Has Occupied The Property Since 2015 | Existing Operating History Supports Established Store-Level Demand
- Great Interstate Accessibility | I-480 Carries 115,777 VPD & I-71 Carries 96,736 VPD Near The Property | Immediate Connectivity Throughout Cleveland
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
1,600 SF
Building Class
B
Year Built
1975
Price
$575,000
Price Per SF
$359.38
Cap Rate
6.91%
NOI
$39,760
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.45 AC
Zoning
Retail
Parking
40 Spaces (25 Spaces per 1,000 SF Leased)
Frontage
54’ on Brookpark Rd
Amenities
- Pylon Sign
- Signalized Intersection
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 433-20-005 | Improvements Assessment | $548,170 |
| Land Assessment | $494,760 | Total Assessment | $1,042,930 |
Property Taxes
Parcel Number
433-20-005
Land Assessment
$494,760
Improvements Assessment
$548,170
Total Assessment
$1,042,930
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