17780 Bagley Rd - Auto Repair FOR SALE
Cleveland, OH 44130 |
$1,455,000 USD
216-264-2000
17780 Bagley Rd
Cleveland, OH 44130
HIGHLIGHTS
- Take 5 Oil Change Absolute NNN Lease with 12 Years Remaining in Middleburg Heights, OH (Cleveland MSA)
- Prime Highway-Exit Site – Just 0.1-Mile from I-71 Exit Ramps; I-71 Sees 105,400 VPD
- Irreplaceable Location at Hard Corner with a Combined 36,310 VPD
- Longstanding Tenant with New 15-Year Lease Commenced in December 2021
- 1.5% Annual Rent Increases During Initial Term & All Options; Adds Over 100 bps to CAP Rate by Current 2036 Lease Expiration
- Completely Passive Ownership with Zero Landlord Management or Expense Responsibilities
FOR SALE DETAILS
PRICE
$1,455,000 USD
PRICE/SF
$904 USD /SF
CAP RATE
5.75%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Take 5 | Abs NNN | Cleveland MSA
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Auto Repair
ADD'L SUBTYPES
Freestanding
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1972
SPRINKLERS
-
PARKING SPACES
50
LAND DETAILS
LAND ACRES
0.34 AC
LAND SF
14,810 SF
ZONING
GB
APN/PARCEL ID
371-22-010
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216-264-2000
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216-264-2000
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