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Terrasana 9601 Vista Way 4,658 SF Retail Building Garfield Heights, OH 44125 $1,573,305 ($337.76/SF) 9.50% Cap Rate
Investment Highlights
- Only dispensary in trade area; nearest competitor ~6 miles away
- NNN lease through June 2033 with 4 x 5-year renewal options
- Vertically integrated operator with cultivation & processing licenses
- 9.50% cap rate | $149,464 NOI | $1,573,305 list price
- Freeway-adjacent: ±157,600 VPD on I-480 corridor
- Ohio Senate Bill 56 caps dispensaries at 400, protecting market position
Executive Summary
Matt Wallace
License # BRKP.2024002419, REC.2022007141 (OH)
Matthews Real Estate Investment Services, Inc
950 Main Ave., Suite 510, Cleveland, OH 44113
(866) 889-0550
License # BRKP.2024002419, 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
Storefront
Building Size
4,658 SF
Building Class
B
Year Built/Renovated
2006/2010
Price
$1,573,305
Price Per SF
$337.76
Cap Rate
9.50%
NOI
$149,464
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
0.94 AC
Zoning
Commercial-Retail
Parking
66 Spaces (14.17 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Freeway Visibility
- Pylon Sign
- Signage
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 542-25-043 | Improvements Assessment | $108,710 |
| Land Assessment | $114,835 | Total Assessment | $223,545 |
Property Taxes
Parcel Number
542-25-043
Land Assessment
$114,835
Improvements Assessment
$108,710
Total Assessment
$223,545
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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Terrasana | 9601 Vista Way
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