4868 Ledgewood Dr - Retail FOR SALE


Medina, OH 44256
$1,705,000 USD
949-506-2007
4868 Ledgewood Dr, Medina, OH for Sale
$1,705,000 USD
Retail - FOR SALE
1/9
null | 6% Cap Rate

4868 Ledgewood Dr
Medina, OH 44256


HIGHLIGHTS

  • Brand New 20-Year Lease | Franchisee Personal Guaranty
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Strategic Medina Retail Corridor | U.S. Highway 42 / Interstate 71
  • Dense Retail Trade Area | Strong National Co-Tenancy | Walmart Super Center Across The Street (2.2 M Annual Vistors)
  • Affluent Demographics | Akron-Cleveland Regional Access

OVERVIEW

SRS National Net Lease Group, LP is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Meineke Car Care Center investment property located in Medina, Ohio. The tenant, Meineke Car Care Center (Marcor LLC) recently signed a brand new 20 year lease with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for an out of state investor.

FOR SALE DETAILS

PRICE

$1,705,000 USD

PRICE/SF

$379 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Meineke | New 20yr Abs NNN w/ Incrs

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Auto Repair, Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1996

SPRINKLERS

-

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.62 AC

LAND SF

27,007 SF

ZONING

C-3

APN/PARCEL ID

026-06C-12-016

ASK ABOUT THIS PROPERTY

Cortland LioiSRS National Net LeaseMore Info
949-506-2007

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Cortland LioiSRS National Net LeaseMore Info
949-506-2007

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