28401 Lorain Rd - Auto Repair FOR SALE
North Olmsted, OH 44070 |
$923,636 USD
843-931-9580
28401 Lorain Rd
North Olmsted, OH 44070
HIGHLIGHTS
- Backed by Driven Brands, one of the largest automotive service platforms in North America, providing strong credit and operational stability.
- Located in an established suburban trade area with strong demographics and consistent daily traffic.
- Positioned directly across from multiple car dealerships, driving built-in demand and repeat customer flow.
- In-place rent sits below market levels, offering clear mark-to-market upside and future income growth.
- Automotive use since 1988, converted to corporate Take 5 in 2016, demonstrating long-term viability and continued investment.
OVERVIEW
We are pleased to exclusively offer for sale a Take 5 Oil Change located at 28401 Lorain Road in North Olmsted, OH. This offering features below-market in-place rent compared to prevailing rates for comparable quick-service oil change assets, presenting investors with a compelling opportunity to achieve rental upside over the hold period. With strong fundamentals and embedded growth potential, this asset provides for an attractive and strategic investment opportunity.
In Cooperation With ParaSell, Inc. , A Licensed Ohio Broker - Lic. #REC.2020005946 BoR: Scott Reid - Lic. OH #BRKP.2020001224
FOR SALE DETAILS
PRICE
$923,636 USD
PRICE/SF
$232 USD /SF
CAP RATE
5.5%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Take 5 - North Olmsted, OH
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Auto Repair
ADD'L SUBTYPES
Service Station, Storefront, Storefront Retail/Office
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1988
SPRINKLERS
-
PARKING SPACES
8
LAND DETAILS
LAND ACRES
0.46 AC
LAND SF
20,038 SF
ZONING
CRG
APN/PARCEL ID
234-24-002
ASK ABOUT THIS PROPERTY
Please correct the highlighted field(s).
843-931-9580
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
Please correct the highlighted field(s).
843-931-9580
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
