27100 Chagrin Blvd - Auto Dealership FOR SALE


Beachwood, OH 44122- Woodmere
$8,143,000 USD
614-754-1008
27100 Chagrin Blvd, Beachwood, OH for Sale
$8,143,000 USD
Auto Dealership - FOR SALE
1/7
null | 7% Cap Rate

27100 Chagrin Blvd
Beachwood, OH 44122
Woodmere


HIGHLIGHTS

  • 100% Occupied 25,684 sf NNN Retail Center
  • A+ Real Estate Fundamentals Supporting Long Term Tenant Success
  • Performing Tenant Mix with Strong Sales, Prompting Long Term Commitment
  • Annual Rent Increases providing NOI Compound Annual Growth Rate of 2.38% over a 10 Year hold period

OVERVIEW

100% Occupied 25,684 sf NNN Retail Center. A+ Real Estate Fundamentals Supporting Long Term Tenant Success. Insulated location directly off of I-271 which sees 171,807 vehicles per day. Irreplaceable real estate positioned on a heavily trafficked signalized intersection at exit 29 & Chagrin Blvd combining for 36,773 vehicles per day. Densely populated & highly affluent market with over 190k residents within 5-miles and $200k Household Income within 1-mile. 1.7% submarket vacancy (general retail) and strength of real estate promotes long term Retailer demand for the subject location. Performing Tenant Mix with Strong Sales, Prompting Long Term Commitment. This is Choolaah’s flagship store and by far their top performer out of 6 locations; Choolaah has been operating at the subject location since 2015 and signed a fresh 10 year extension in December 2023. LJI Collision is a highly successful single-unit Auto Repair & Restoration operator with strong, consistently growing sales. They have been operating at the subject location since 2010 and recently extended for 5 years in April 2023. Annual Rent Increases providing NOI Compound Annual Growth Rate of 2.38% over a 10 Year hold period.

FOR SALE DETAILS

PRICE

$8,143,000 USD

PRICE/SF

$331 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Dealership

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1979

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.73 AC

LAND SF

118,832 SF

ZONING

U-7

APN/PARCEL ID

901-01-004

ASK ABOUT THIS PROPERTY

Alex Van KrevelPassov Real Estate GroupMore Info
614-754-1008

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Alex Van KrevelPassov Real Estate GroupMore Info
614-754-1008

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