10200 W Sprague Rd - Freestanding FOR SALE


Cleveland, OH 44130
$1,140,750 USD
646-494-4658
10200 W Sprague Rd, Cleveland, OH for Sale
$1,140,750 USD
Freestanding - FOR SALE
1/5
null | 8.1% Cap Rate

10200 W Sprague Rd
Cleveland, OH 44130


HIGHLIGHTS

  • Recently Extended New Five Year Lease @ 20% Increase - No Rent Concessions Committed to the Site
  • 21 Years Operating History at this Location
  • Average Household Income of $87,0000
  • Daily Traffic Counts of 16,400 on West Sprague Road

OVERVIEW

Anchor Retail is pleased to present this exclusive listing for sale for the Advance Auto Parts asset with a fresh 5-year renewal with zero rent concessions. The subject property is a 7,000 SF, single tenant Advance Auto Parts situated on a large, 1.30 acre site in Parma, Ohio, in the Cleveland MSA. The subject property has a strong population of 187,000 within a 5-mile radius.

FOR SALE DETAILS

PRICE

$1,140,750 USD

PRICE/SF

$163 USD /SF

CAP RATE

8.1%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Advance Auto Parts

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2003

SPRINKLERS

-

PARKING SPACES

51

LAND DETAILS

LAND ACRES

1.3 AC

LAND SF

56,628 SF

ZONING

C

APN/PARCEL ID

456-26-031

ASK ABOUT THIS PROPERTY

Arthur KaplanAnchor RetailMore Info
646-494-4658

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Arthur KaplanAnchor RetailMore Info
646-494-4658

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.