12326 Pearl Rd - Day Care Center FOR SALE
Strongsville, OH 44136 |
$5,874,126 USD
216-264-2000
12326 Pearl Rd
Strongsville, OH 44136
HIGHLIGHTS
- The Learning Experience New Construction 21-Year NNN Lease in Strongsville, OH (Cleveland MSA)
- 2025-Built; Rent Commencement of March 31, 2025
- 10% Rent Increases Every 5 Years of Initial Term & Options Add 237 bps to CAP Rate by End of Initial Term; 9.5% CAP in 2040
- Tenant Pays TAX/INS, also Pays Fixed CAM of $67,500 ($6.75/SF) in Yr-1 with 5% Annual Increases. CAM Not Subject to Reconciliation; Likely a Profit C
- Oversized 4.55 Acre Parcel | +/- 1.9 Acres of Undeveloped Land Included as Upside to Lease/Sell/Develop
- Carries Typical TLE Limited Corporate Guaranty with $850K Limit Over First 5 Lease Years, Decreasing by 20% Per Year
FOR SALE DETAILS
PRICE
$5,874,126 USD
PRICE/SF
$587 USD /SF
CAP RATE
7.15%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
The Learning Experience | 2025-Built
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Day Care Center
ADD'L SUBTYPES
Freestanding, Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2025
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
4.54 AC
LAND SF
197,762 SF
ZONING
R-RS
APN/PARCEL ID
392-28-010
ASK ABOUT THIS PROPERTY
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216-264-2000
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216-264-2000
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