2025 Broadway Ave - Freestanding FOR SALE


Lorain, OH 44052
$1,336,000 USD
480-221-4221
2025 Broadway Ave, Lorain, OH for Sale
$1,336,000 USD
Freestanding - FOR SALE
1/6
null | 6.25% Cap Rate

2025 Broadway Ave
Lorain, OH 44052


HIGHLIGHTS

  • Options to Extend | Corporate Guaranteed | Scheduled Increases
  • NN | Fee Simple Ownership | Limited Landlord Responsibilities
  • Highly Visibility Corner Intersection | Lakefront Community
  • Strong Demographics In 5-Mile Trade Area | Cleveland MSA

OVERVIEW

- The tenant, Advance Auto Parts, has approximately 6 years remaining on its lease with 3 (5-year) options to extend, demonstrating their commitment to the site - The lease features 7% increases at the beginning of each option period, hedging against inflation

FOR SALE DETAILS

PRICE

$1,336,000 USD

PRICE/SF

$202 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Advance Auto Parts

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Auto Repair, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

24

LAND DETAILS

LAND ACRES

0.71 AC

LAND SF

30,928 SF

ZONING

B-2

APN/PARCEL ID

02-01-003-164-002,02-01-003-164-003

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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