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