Noah’s Mentor, OH

8200 Norton Parkway
Mentor, OH

Price: $5125000
Cap Rate: 9.00%
NOI: $461,218
Building Size: Approx. 9470 Sq. Ft.
Lot Size: Approx. 3.5 Acres
Type: / Retail
Sub Category: Office / Industrial
Year Built: 2015

Investment Overview

  • 2015 Construction | 9,470+/- SF Building on 3.50+/- Acre Site
  • 20-Yr Corp NNN Lease w/ 18+ Yrs Remaining and Various Rent Bumps
  • Located along Norton Parkway, just North of Interstate 90 (58,000 VPD)
  • Subject property is located in a commercial & residential area of Mentor
  • 2-Miles Radius: Lakeland College (9,831 Enroll) | Great Lakes Mall (1.2M SF)
  • Mentor is the sixth largest retail center in Ohio with $1.6 B in annual sales
  • Local Attractions: Headlands Beach State Park | Quicken Loans Arena
  • 5-Mile Radius: 2017 Est Pop: 99,059 | 3-Mile Avg HH Income:  $90,902
  • Mentor is a suburb of Cleveland | 24-Miles NW of Downtown Cleveland
  • Greater Cleveland (MSA) | 2ND Largest MSA in Ohio | Population: 2,060,810

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