$938,000 USD
216-658-6120
11011 Lorain Ave
Cleveland, OH 44111
West Boulevard
HIGHLIGHTS
- Current Lease expires January 31, 2030 with an additional 5 year option through January 31, 2035 (rent increases to $73,000 annual rent)
- This lease is structured as a NNN lease, Tenant is responsible for all maintenance, including structure, roof and HVAC repair/replacement
- Long term historical occupancy since 1991 on premises
- Located across from West Town Square shopping center and minutes from Target, Giant Eagle, Home Depot and more
- Dense Market of 163,892 people in a 3 mile radius and daytime population of 131,593
- High traffic counts of 12,719 VPD (source ODOT)
FOR SALE DETAILS
PRICE
$938,000 USD
PRICE/SF
$91 USD /SF
CAP RATE
7.25%
% LEASED
-
TENANCY
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Absolute NNN O'Reilly Auto Investment Sale
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
ADD'L SUBTYPES
Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1945
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.69 AC
LAND SF
30,056 SF
ZONING
LR
APN/PARCEL ID
018-07-001
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216-658-6120
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216-658-6120
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