Commercial Real Estate /OH /Cuyahoga County /Warrensville Heights /4070 Interchange Corporate Center Rd
Commercial Real Estate /OH /Cuyahoga County /Warrensville Heights /4070 Interchange Corporate Center Rd
4070 Interchange Corporate Center Rd - Auto Dealership FOR SALE
Warrensville Heights, OH 44128 |
4070 Interchange Corporate Center Rd
Warrensville Heights, OH 44128
HIGHLIGHTS
- 17 years remaining with four five-year options to renew on an Absolute NNN lease
- Lease is corporately guaranteed by Carvana LLC (NYSE: CVNA), the leading e-commerce platform for buying/selling used cars - 2022 revenue of $14.5+B
- Carvana lease features rental increases - lesser of approx. 8.66% or 1.25 x 5-year CPI - every 5 years in the base term and in each option period
- 8 Story Car Vending Machine: significant frontage, excellent visibility from I-271 (158,700 VPD), access to the interstate less than a mile away
- Close proximity to large employers and economic drivers including Cuyahoga Community College, Cleveland Clinic Hospital, UH Ahuja Medical Center
- Warrensville Heights is only 16 miles from Downtown Cleveland and features more than 185,000 residents/AHI of $100,000 within 5 miles
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Carvana
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Auto Dealership
TOTAL BUILDING SIZE
8408
STORIES
8
YEAR BUILT
2017
SPRINKLERS
-
PARKING SPACES
50
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
763-19-088
