1233 Som Center Rd - Day Care Center FOR SALE


Cleveland, OH 44124
$7,895,580 USD
602-931-4492
1233 Som Center Rd, Cleveland, OH for Sale
$7,895,580 USD
Day Care Center - FOR SALE
1/8
null | 6.27% Cap Rate

1233 Som Center Rd
Cleveland, OH 44124


HIGHLIGHTS

  • Close Proximity to the Hillcrest Hospital with 2,000 employees.
  • Fantastic Access to the Interstate 271
  • Heavily Trafficked intersection with over 60,000 vehicles per day.
  • Trade Area Co-Tenants including Target, Costco, Best Buy, Giant Eagle, Marc’s, ALDI, Starbucks, and many others.

OVERVIEW

Children’s Learning Adventure is pleased to offer qualified investors an opportunity to purchase a fee simple, single-tenant net leased investment fully occupied by Children’s Learning Adventure in Mayfield Heights, Ohio. This asset is ideal for investors seeking long-term, inflation-resistant cash flows, featuring a brand new 15-year lease commencing upon closing, two 5-year renewal periods, scheduled rent increases every 5 years and minimal landlord responsibilities. This 14,563 square foot facility, located on a 1.60 acre lot, is prominently positioned in the dominant retail corridor that draws families from the affluent Gates Mills community. Gates Mills has a median household income of $168,100. The area has a strong white-collar workforce, with over 23,000 employees within a 1.5 mile radius. Neaby Retailers include Target, Costco, Best Buy, Marc’s, ALDI, CVS Pharmacy, Bath & Body Works, Marshalls and many more. *All Photos or Renderings are projected and not-current representations. Tenant Sale-Leaseback New 15-Year Primary Lease Term Lease Term Commencing at Close of Escrow NNN Lease with Minimal Landlord Responsibilities 2 additional 5-Year Option Periods Annual Rent of $495,053

FOR SALE DETAILS

PRICE

$7,895,580 USD

PRICE/SF

$542 USD /SF

CAP RATE

6.27%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Children's Learning Adventure, Mayfield Heigh

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Day Care Center

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

1.6 AC

LAND SF

69,696 SF

ZONING

Commercial

APN/PARCEL ID

862-26-003

ASK ABOUT THIS PROPERTY

Kalen RickardWestern Retail Advisors, LLCMore Info
602-931-4492

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Kalen RickardWestern Retail Advisors, LLCMore Info
602-931-4492

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.