Take 5 Oil Change North Olmsted, OH

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+

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