6720 130th st - Retail FOR SALE


Parma Heights, OH 44130
$1,905,000 USD
619-997-1242
6720 130th st, Parma Heights, OH for Sale
$1,905,000 USD
Retail - FOR SALE
1/9
null | 5.25% Cap Rate

6720 130th st
Parma Heights, OH 44130


HIGHLIGHTS

  • 17 Years Remaining | Scheduled Rental Increases | Strong Corporate Guaranty
  • Absolute NNN Ground Lease | Leased Fee Ownership | Zero Landlord Responsibilities
  • Directly Across From Southland Shopping Center (9.1 M Annual Visits)
  • New ALDI & Starbucks Development | Frontage to 61,960 VPD
  • Recently Acquired by Alimentation Couche-Tard (Circle K) | $1.6 Billion Acquisition | Investment-Grade Global Operator
  • Strong Demographics and Daytime Population in 5-Mile Trade Area

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in an absolute NNN, corporate guaranteed WetGo Car Wash investment property located in Middleburg Heights, Ohio (Cleveland MSA). The guarantor, Giant Eagle, Inc., one of the largest privately held supermarket chains in the United States, generates approximately $8.6 billion in annual revenue across 200+ Giant Eagle and Market District supermarkets and pharmacie locations across the region. The property is leased on a 20-year ground lease with approximately 17 years remaining and 10% rental increases every five (5) years, including during the six (5-year) option periods, providing stable and growing income throughout the term. The lease is absolute NNN with zero landlord responsibilities, offering investors a hands-free, management-free investment backed by a strong corporate guarantor. WetGo represents Giant Eagle’s newest express car wash prototype, combining cutting-edge design and automation with brand recognition and customer loyalty throughout the Midwest.

FOR SALE DETAILS

PRICE

$1,905,000 USD

PRICE/SF

$560 USD /SF

CAP RATE

5.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

WetGo | 17yrs Remain Corp Abs NNN GL

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

16

LAND DETAILS

LAND ACRES

1.76 AC

LAND SF

76,666 SF

ZONING

GB

APN/PARCEL ID

372-20-051

ASK ABOUT THIS PROPERTY

Greg LabarreSRS Real Estate PartnersMore Info
619-997-1242

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Greg LabarreSRS Real Estate PartnersMore Info
619-997-1242

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