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Dark 7-Eleven 7515 Auburn Rd 1,975 SF Retail Building Painesville, OH 44077 $2,000,000 ($1,012.66/SF) 9.36% 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
$2,000,000
Price Per SF
$1,012.66
Cap Rate
9.36%
NOI
$187,200
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
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Contacts
-
Michael Tamir -
Kevin Puder -
Chad Kurz -
Matthews Real Estate Investment Services
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