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Avon Lake Multi-Tenant Portfolio 2 Retail Properties Offered at $733,870 in Avon Lake, OH
Investment Highlights
- 4 complementary tenants across two adjacent buildings at an established commercial node.
- Restaurant, body-art studio, coin laundry, and artisan sandwich shop provide use diversity and staggered risk.
- Current in-place rent of $109,224 generates an estimated NOI of approximately $73,400 after standard recurring expenses.
- Fratello’s Italian Restaurant has continuously occupied its suite since 1992 with successive renewals and rising rents.
- Terms run through 2026, 2027, and 2028, creating natural rent-reset windows without simultaneous vacancy.
- Indicative pricing at a 10% cap rate (~734,000) offers strong cash-on-cash returns for leveraged buyers.
Executive Summary
• STABLE, DIVERSIFIED CASH FLOW - Four tenants across complementary uses reduce single-tenant risk.
• LONG-TERM ANCHOR - Fratello’s 30+ year occupancy demonstrates location durability and tenant stickiness.
• CLEAR UPSIDE PATH - Staggered expirations allow a new owner to engage tenants and capture market rent growth over time.
• ATTRACTIVE LEVERAGE RETURNS - At a 10% cap with 25%down, Year-1 cash-on-cash of ~12.6% rising toward 19% under modest growth assumptions.
• MANAGEABLE SCALE - ~8,600 SF is ideal for individual investors, 1031 exchange buyers, or small institutional portfolios.
• STRONG SUBMARKET - Avon Lake’s demographics and limited new commercial supply support long-term occupancy and rent retention.
• LONG-TERM ANCHOR - Fratello’s 30+ year occupancy demonstrates location durability and tenant stickiness.
• CLEAR UPSIDE PATH - Staggered expirations allow a new owner to engage tenants and capture market rent growth over time.
• ATTRACTIVE LEVERAGE RETURNS - At a 10% cap with 25%down, Year-1 cash-on-cash of ~12.6% rising toward 19% under modest growth assumptions.
• MANAGEABLE SCALE - ~8,600 SF is ideal for individual investors, 1031 exchange buyers, or small institutional portfolios.
• STRONG SUBMARKET - Avon Lake’s demographics and limited new commercial supply support long-term occupancy and rent retention.
Property Facts
| Price | $733,870 | Status | Active |
| Price / SF | $78.02 / SF | Number of Properties | 2 |
| Sale Condition | 1031 Exchange | Individually For Sale | 0 |
| Cap Rate | 10% | Total Building Size | 9,406 SF |
| Sale Type | Investment | Total Land Area | 0.73 AC |
| Price | $733,870 |
| Price / SF | $78.02 / SF |
| Sale Condition | 1031 Exchange |
| Cap Rate | 10% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 9,406 SF |
| Total Land Area | 0.73 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 32085-32087 Electric Blvd, Avon Lake, OH 44012 | Retail | 5,631 SF | 1965 | - |
| 140 Lear Rd, Avon Lake, OH 44012 | Retail | 3,775 SF | 1960 | - |
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Avon Lake Multi-Tenant Portfolio