4223 E Royalton Rd - Storefront FOR SALE
Broadview Heights, OH 44147 |
$8,495,000 USD
216-264-2000
4223 E Royalton Rd
Broadview Heights, OH 44147
HIGHLIGHTS
- 2 High-Traffic Inline Retail Strips + NNN Leased Single-Tenant Kiddie Academy in High-Income Cleveland Suburb
- Strip Centers Anchored By Daily- Needs, Service-Oriented Tenants
- Single-Tenant NNN-Leased Kiddie Academy With 12 Years Of Remaining Lease Term / Multiple 5-Year Options / Already Separately Parceled
- Significant Strip Center Upside via 2,040 SF (10.2% of GLA) Vacant Space Lease-Up; +140bps CAP Rate
- Small, Highly-Visible Strip Center Bays / 2,002 SF Avg. Size / 9 of 10 are 2,500 SF or Smaller
- 21,897 VPD on RT-82; with Prime Frontage/Visibility | Immediate Access To I-77 With 67,499 VPD
FOR SALE DETAILS
PRICE
$8,495,000 USD
PRICE/SF
$846 USD /SF
CAP RATE
6.98%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Royalton Center
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2015
SPRINKLERS
-
PARKING SPACES
30
LAND DETAILS
LAND ACRES
3.27 AC
LAND SF
142,441 SF
ZONING
Commercial
APN/PARCEL ID
583-18-010
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216-264-2000
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216-264-2000
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