914 Cleveland St - Freestanding FOR SALE
Elyria, OH 44035 |
$1,454,991 USD
305-905-3215
914 Cleveland St
Elyria, OH 44035
HIGHLIGHTS
- High-Yielding Investment – The property is being offered at a Year-1 in-place cap rate of 9.50%.
- Absolute NNN Lease – There are zero landlord responsibilities, making it a great investment opportunity for a passive investor.
- Attractive Rental Increase – 3.00%+ annual rent escalations offer a built-in hedge against inflation and long-term income growth.
- Large Lot – Situated on a +1.02-acre parcel, offering strong long-term real estate value and future redevelopment potential.
- Approximately 50+ parking spaces provide convenient access for customers and support the tenant’s ability to accommodate a high volume of traffic.
FOR SALE DETAILS
PRICE
$1,454,991 USD
PRICE/SF
$220 USD /SF
CAP RATE
9.5%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
TOTAL BUILDING SIZE
-
STORIES
2
YEAR BUILT
1972
SPRINKLERS
-
PARKING SPACES
5
LAND DETAILS
LAND ACRES
0.33 AC
LAND SF
14,375 SF
ZONING
R2
APN/PARCEL ID
06-25-025-000-005,06-25-025-000-006,06-25-069-101-002
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305-905-3215
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305-905-3215
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