17887 Bagley Rd - Storefront FOR SALE
Middleburg Heights, OH 44130 |
$4,620,000 USD
216-264-2000
17887 Bagley Rd
Middleburg Heights, OH 44130
HIGHLIGHTS
- 2019-Built, 3-Tenant NNN Retail Strip in Middleburg Heights, OH (Cleveland MSA)
- 11.3 Years WALT Across Three Experienced Mult-Unit Franchises of National Restaurant/QSR Brands
- Anchored by IHOP (55% of GLA) on 20.5-Year NNN Lease into 2041 with 16 Years Remaining
- Highway Exit Location – Just 0.2 Mile from I-71 Exit Ramps Seeing 105,785 VPD; Major North-South Interstate Spanning Cleveland’s West Side
- All NNN Leases with 100% Recovery of RE Taxes & Insurance, 90% Recovery of CAM, and 10-15% Admin Fees on CAM & Ins
- Ease of Management – Approx. 6-Year Old Building/ Infrastructure with Minimal Deferred Maintenance, Only 3 Tenants
FOR SALE DETAILS
PRICE
$4,620,000 USD
PRICE/SF
$600 USD /SF
CAP RATE
6%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Shoppes at Bagley| 3-Tenant NNN Retail Strip
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2019
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
2.07 AC
LAND SF
90,169 SF
ZONING
GC
APN/PARCEL ID
373-03-010
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216-264-2000
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216-264-2000
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