NNN Lease Investment - Brand New to the Market! ~ Sequoia Realty Corp.

Thursday, October 22, 2020

Posted by Sequoia Realty Corp. on 2:24 PM

Net Leased Investment

Staples

5950-5966 Mayfield Rd.

Mayfield Heights, OH 44124

Investment Highlights

NNN Lease Investment
Brand New Shopping Center Development coming soon on Adjacent Property with Starbucks, Restaurants, Retail, Medical Offices & Senior Living
Located along Mayfield Rd.(26,000 VPD)
Nearby on/off ramp access to I-271(127,000 VPD)
0.7 miles west of Golden Gate Plaza (366,000 SF) anchored by Marshalls, JOANN Fabrics & World Market
1.5 miles west of Eastgate Shopping Center (410,683 SF) anchored by Old Navy, Michaels, Marcs & Micro Center
1.5 miles west of Cleveland Clinic Hillcrest Hospital
Other nearby national/credit tenants including Costco, Best Buy, Target, Walmart, Starbucks and more
Nearby apartment complexes include Gates Mills Place (1,178 units), The Drake (986 units) and Coppertree (342 units)

Offering Summary

Price: $5,600,000

Net Operating Income: $269,000

Tenant since 1998

CAP Rate: 4.8%

Gross Building Area: 26,900 Sq. Ft. (+/-)

Price/SF: $208.17

Rent/SF: $10.00 NNN

Lot Size: 1.97 Acres