941 Center Rd - Freestanding FOR SALE


Avon, OH 44011
$2,500,000 USD
216-374-3689
941 Center Rd, Avon, OH for Sale
$2,500,000 USD
Freestanding - FOR SALE
1/29
null | 7% Cap Rate

941 Center Rd
Avon, OH 44011


HIGHLIGHTS

  • Lease Commencement: October 15, 2021
  • Lease Expiration: October 31, 2031
  • Options: Two (2) additional five-year renewals (through October 31, 2041)
  • Rent Escalations: 5% every five years
  • Lease Type: Triple-Net (NNN)
  • Childtime Learning Centers, part of Learning Care Group (LCG), a nationally recognized early-education brand & the second-largest childcare provider

OVERVIEW

Turn-key, single-tenant NNN investment leased to Childtime Learning Center (Learning Care Group) in the heart of Avon, Ohio. The ±11,472 SF masonry building, built in 2006, features a 30-year roof and a newly sealcoated parking lot (2025). Tenant covers all taxes, insurance, utilities, and maintenance under a Triple-Net lease through October 2031, with 5% rent escalations every five years and two 5-year renewal options. Strong national operator with over 1,100 schools nationwide provides stable, long-term income. Prime location near Avon Commons, Cleveland Clinic Avon Hospital, and major retail developments including Topgolf and Cooper’s Hawk, surrounded by affluent suburbs and household incomes exceeding $150,000. Capital Improvements 2020: Furnaces, hot water tanks, exterior doors, and many windows replaced (particularly along the rear elevation). 2025: Asphalt parking lot seal coated and restriped (October). Additional Feature: 200-foot depth easement at the rear of the property allows for potential future expansion or conversion opportunities (e.g., additional parking or repurposing for alternative commercial use) Situated within one of Greater Cleveland’s most affluent and fastest-growing suburban corridors, the property benefits from average household incomes exceeding $150,000 and proximity to high-demographic communities including Avon, Avon Lake, Westlake, and Bay Village. The area’s economic base is anchored by robust retail, healthcare, and employment centers, generating both daytime and residential demand. The site is just minutes from Avon Commons (I-90 & SR-83)—a regional power center anchored by Costco, Target, Kohl’s, The Home Depot, and Heinen’s—drawing customers from Lorain and western Cuyahoga counties. The surrounding retail corridor continues to expand, with over one million square feet of new retail and entertainment development, including Menards, Main Event, Ashley Furniture, Dick’s Sporting Goods, Raising Cane’s, City BBQ, Starbucks, and Chipotle, as well as Topgolf and Cooper’s Hawk Restaurant & Winery. Additional daytime traffic and economic stability are supported by Cleveland Clinic Avon Hospital and Bendix Commercial Vehicle Systems’ North American headquarters, major employers that bolster both household income and spending in the area.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$218 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Day Care Center

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

35

LAND DETAILS

LAND ACRES

1.53 AC

LAND SF

66,647 SF

ZONING

C4 / M1

APN/PARCEL ID

04-00-016-102-050

ASK ABOUT THIS PROPERTY

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216-374-3689

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Kas FilippovaeXp CommercialMore Info
216-374-3689

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