Wednesday, October 28, 2020

2,664 SF Freestanding Building with Drive-Through for Lease

 

Former Bank for Lease
2700 N. Ridge Rd.
Perry Twp., OH 44077
  • 2,664 Sq. Ft. Free-Standing Building
  • Drive-through – 3 Lanes
  • Great building for a Bank, Restaurant, Coffee Shop, Professional Offices or Retail
  • Will Remodel to Suit
  • Located in a Grocery Anchored Plaza along with Dairy Queen, Goodwill & More!
  • High Traffic Area: 25,000 Cars/Day
  • Gateway to Eastern Lake County
  • Right at the end of S.R. 2
  • Extremely Visible!
  • For Lease @ $3,800/month (NNN)
Patrick Dowd, Vice President
If you have any questions or would like to schedule a viewing, call or email me.

Thursday, October 22, 2020

NNN Lease Investment - Brand New to the Market!

 

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

Patrick Dowd, Vice President
If you have any questions or would like to schedule a viewing, call or email me.

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