27401 Chardon Rd - Auto Repair FOR SALE


Willoughby Hills, OH 44092
$745,000 USD
630-546-4276
27401 Chardon Rd, Willoughby Hills, OH for Sale
$745,000 USD
Auto Repair - FOR SALE
1/13
null | 6.75% Cap Rate

27401 Chardon Rd
Willoughby Hills, OH 44092


HIGHLIGHTS

  • Long-Term Corporate Tenant – NTB has operated at this location for 36 years
  • Guaranteed Through March 2030 – 10-year lease extension signed in 2020
  • Hands-Off Investment – No landlord responsibilities
  • Corporate Guarantee – NTW LLC, subsidiary of TBC Corporation (Michelin/Sumitomo JV)
  • High-Traffic Retail Corridor – 12,600 VPD on Chardon Rd, 20,600 VPD on Bishop Rd
  • Dense Surrounding Demographics – 192,000+ residents within 5 miles

OVERVIEW

Fortino Real Estate Group is pleased to present the fee-simple sale of a single-tenant National Tire & Battery (NTB) property located in Willoughby Hills, Ohio, within the Cleveland MSA. The tenant has operated at this location since 1989, demonstrating over three decades of operational stability. In 2020, NTB executed a 10-year lease extension, ensuring a guaranteed term through March 2030 with two additional five-year renewal options. The property is leased to NTW LLC, a wholly owned subsidiary of TBC Corporation, one of the largest automotive service and tire distribution companies in North America and parent to brands such as Tire Kingdom, Midas, and Big O Tires. This is a true triple-net (NNN) lease, with the tenant responsible for all maintenance, repairs, insurance, and real estate taxes — offering investors a hands-off, passive investment opportunity with a corporate-backed tenant. Strategically positioned along Chardon Road (12,600 VPD) near Interstate 90, the site benefits from excellent visibility and access. It is shadow-anchored by Marc’s Grocery Store (opened 2022) and surrounded by national retailers including Aldi, CVS, McDonald’s, Dunkin’, and Dollar Tree. The surrounding trade area includes over 1,300 multifamily units and University Hospitals Richmond Hospital, driving consistent consumer and daytime traffic.

FOR SALE DETAILS

PRICE

$745,000 USD

PRICE/SF

$84 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Shoppes at Willoughby Hills

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1989

SPRINKLERS

-

PARKING SPACES

32

LAND DETAILS

LAND ACRES

1.89 AC

LAND SF

82,328 SF

ZONING

B

APN/PARCEL ID

31-A-008-0-00-019,31-A-008-0-00-031

ASK ABOUT THIS PROPERTY

Adam FortinoKeller Williams CommercialMore Info
630-546-4276

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

Adam FortinoKeller Williams CommercialMore Info
630-546-4276

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