147 E Waterloo Rd - Auto Repair FOR SALE


Akron, OH 44319- Firestone Park
$2,453,511 USD
203-887-8797
147 E Waterloo Rd, Akron, OH for Sale
$2,453,511 USD
Auto Repair - FOR SALE
1/2
null | 6.75% Cap Rate

147 E Waterloo Rd
Akron, OH 44319
Firestone Park


HIGHLIGHTS

  • Long-Term Absolute Triple Net (NNN) Lease
  • Attractive Rental Increases
  • Strong, Growing Operator

OVERVIEW

NNN Pro is pleased to present the exclusive listing for a Stonewall Auto Repair located at 147 E Waterloo Rd, Akron, OH 44319. The site consists of roughly 15,712 rentable square feet of building space on an estimated 1.85-acre parcel of land. This Stonewall Auto Repair is subject to a 20-year Triple Net (NNN) lease, which commenced 7/16/2021. The current annual rent is $165,612 and has scheduled increases of 2.00% annually starting year 7.

FOR SALE DETAILS

PRICE

$2,453,511 USD

PRICE/SF

$156 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Stonewall Auto Repair (Brightpoint)

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1989

SPRINKLERS

-

PARKING SPACES

65

LAND DETAILS

LAND ACRES

1.85 AC

LAND SF

80,586 SF

ZONING

-

APN/PARCEL ID

68-55099,68-55102

ASK ABOUT THIS PROPERTY

Anthony D'AmbrosiaNNN Pro GroupMore Info
203-887-8797

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Anthony D'AmbrosiaNNN Pro GroupMore Info
203-887-8797

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