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Dark 7-Eleven 7515 Auburn Rd 1,975 SF Retail Building Painesville, OH 44077 $2,826,279 ($1,431.03/SF) 6.80% Cap Rate
INVESTMENT HIGHLIGHTS
- Valuable Holding Income: The existing NNN lease provides a stable annual cash flow of over $187,000 for approximately four more years, offering secure
- Significant Repositioning Upside: The property is currently dark, presenting a compelling opportunity to re-tenant or redevelop the site for a new use
- Control and Customization: As an owner-user, you gain complete control of the property, allowing for full customization of the space to fit specific b
- Prime High-Traffic Location: Strategically situated along Auburn Road with exposure to approximately ±27,880 vehicles per day, the site offers excepti
- Leverageable Existing Infrastructure: Utilizing the existing fueling and utility infrastructure can significantly reduce initial costs for a new energ
EXECUTIVE SUMMARY
Broker of Record
Matt Wallace
License # REC.2022007141 (OH)
Matthews Real Estate Investment Services, Inc
950 Main Ave., Suite 510, Cleveland, OH 44113
(866) 889-0550
Matt Wallace
License # REC.2022007141 (OH)
Matthews Real Estate Investment Services, Inc
950 Main Ave., Suite 510, Cleveland, OH 44113
(866) 889-0550
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Service Station
Building Size
1,975 SF
Building Class
C
Year Built
1994
Price
$2,826,279
Price Per SF
$1,431.03
Cap Rate
6.80%
NOI
$192,187
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.53 AC
Zoning
B-2
Parking
20 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
300’ on Auburn Rd
AMENITIES
- Pylon Sign
- Signage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 08-A-019-0-00-024 | Improvements Assessment | $267,260 |
| Land Assessment | $17,780 | Total Assessment | $285,040 |
PROPERTY TAXES
Parcel Number
08-A-019-0-00-024
Land Assessment
$17,780
Improvements Assessment
$267,260
Total Assessment
$285,040
CONTACTS
-
Michael Tamir -
Kevin Puder -
Chad Kurz -
Matthews Real Estate Investment Services
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Dark 7-Eleven | 7515 Auburn Rd
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