6080 Youngstown Warren Rd - Retail FOR SALE


Niles, OH 44446
$909,000 USD
646-838-3000
6080 Youngstown Warren Rd, Niles, OH for Sale
$909,000 USD
Retail - FOR SALE
1/4
null | 5.5% Cap Rate

6080 Youngstown Warren Rd
Niles, OH 44446


HIGHLIGHTS

  • New 15-Year Absolute NNN Corporate Ground Lease
  • Extremely Low Starting Rent
  • Scheduled 10% Rent Increases
  • Signalized Hard-Corner Location
  • Exceptional Visibility & Access
  • Prime Retail Corridor

OVERVIEW

? New 15-Year Absolute NNN Corporate Ground Lease: Take 5 Oil Change backed by investment-grade parent Driven Brands (NYSE: DRVN). Take 5 Oil Change is one of the fastest-growing quick-lube brands in the $15+ billion industry ? Zero Landlord Responsibilities: True ground lease with absolute NNN structure – tenant responsible for all taxes, insurance, maintenance, roof, and structure ? Extremely Low Starting Rent: Only $50,000 per year creates immediate equity and significant mark-to-market upside ? Scheduled 10% Rent Increases: 10% bumps every five years throughout the initial 15-year term and three (3) Five (5) Year Options provides 30+ years of cash-flow stability and inflation protection ? Signalized Hard-Corner Location: High-traffic intersection of Youngstown Warren Road (SR-45) and Niles-Cortland Road in Niles, Ohio ? Premier Outparcel Positioning: Directly in front of strong performing Marc’s grocery store and Staples, proven daily-needs traffic generators ? Exceptional Visibility & Access: Outstanding frontage and multiple points of ingress/egress on one of Niles’ busiest retail corridors ? Prime Retail Corridor: Subject property is located across the street from Eastwood Mall, one of America’s largest shopping complexes, with over 3.4 million square feet of space and over 15.8 million visitors annually

FOR SALE DETAILS

PRICE

$909,000 USD

PRICE/SF

$647 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Take 5 Oil Change

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2026

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

20-037653

ASK ABOUT THIS PROPERTY

Michael CleemanCleeman Realty Group LLCMore Info
646-838-3000

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

Michael CleemanCleeman Realty Group LLCMore Info
646-838-3000

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