28401 Lorain Rd
North Olmsted, OH
Price:
$847,000
Cap Rate:
6.00%
NOI:
$50,812
Building Size:
Approx. 1,989 Sq. Ft.
Lot Size:
Approx. 0.46 Acres
Type:
Single-Tenant / Retail
Sub Category:
Automotive Parts
Year Built:
1988
Investment Overview
- 1988 Construction. 1,989+/- SF Building on 0.46+/- Acre Site
- 20-Yr Abs NNN Lease with 1% Annual Rental Increases in Primary Term & Option Periods, and (6) 5-Yr Options to Renew
- Low Price Point Fee Simple Take 5 Oil Change Investment – Attractive Entry Level Investment with Below-Market Rent
- Positioned Along Lorain Road within North Olmsted’s Main Retail Corridor – Connects w/ Great Northern Mall (3.5M Visitors/Yr)
- Located in Affluent Part of Cleveland MSA – Avg. HH Income is $140,000+, Population of 149,000+ w/in 5 Miles of Property
- Take 5 Oil Change Climbs to #27 on Entrepreneur’s Fastest-Growing Franchises List | 1,400+ Locations with $2.1B in Revenue
- North Olmsted, OH | Part of the Cleveland MSA | Population: 31,924+