7793 Mentor Ave - Freestanding FOR SALE
Mentor, OH 44060 |
$3,655,000 USD
248-702-0288
7793 Mentor Ave
Mentor, OH 44060
HIGHLIGHTS
- La-Z-Boy Has Occupied The Site Since 2005 and Recently Executed a 6-Year Lease Renewal Through 2031
- 20,000 SF Free-Standing Retail Store Located On 1.73 Acres
- Triple Net Lease - Landlord Responsible for Exterior Load Bearing Walls and Foundation
- Tenant Plans to Remodel the Store Within the Next Year, Upgrading to the Latest Prototype Design
- High-Visibility Site Along Mentor Avenue with Traffic Counts Exceeding 20,000 Vehicles/Day | Positioned Directly Across from Great Lakes Mall
- Cleveland MSA: Over 105,000 People Within 5 Miles
FOR SALE DETAILS
PRICE
$3,655,000 USD
PRICE/SF
$183 USD /SF
CAP RATE
7.25%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
La-Z-Boy Furniture
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2005
SPRINKLERS
-
PARKING SPACES
70
LAND DETAILS
LAND ACRES
1.73 AC
LAND SF
75,359 SF
ZONING
B-2, Mentor City
APN/PARCEL ID
16-B-031-C-00-007
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248-702-0288
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248-702-0288
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