4105 Mayfield Rd - Freestanding FOR SALE


South Euclid, OH 44121
$1,657,429 USD
404-441-3849
4105 Mayfield Rd, South Euclid, OH for Sale
$1,657,429 USD
Freestanding - FOR SALE
1/7
null | 7% Cap Rate

4105 Mayfield Rd
South Euclid, OH 44121


HIGHLIGHTS

  • Recently-Extended Net Lease with Renewal Options | 7% Rent Increase in Each of the Three, 5-Year Renewal Options
  • Long-Term Operating History of 19 Years
  • Proven Location | Among the Top 9% of Advance Auto Parts Stores in Ohio | Top 16% of Stores Nationwide by Visits (Placer.ai)
  • Excellent Access & Visibility Along Mayfield Road (26,922 VPD) | Feet From Signalized Intersection with Warrensville Center Road (19,600 VPD)
  • Primary Retail & Commercial Corridor | 9.6 MSF Retail, 3.4 MSF Office, 6.4 MSF Industrial & 14,013 Multifamily Units Within a 3-Mile Radius
  • 8 Miles East of Downtown Cleveland | Cleveland-Elyria, OH MSA Advantage (MSA Population: 2.01M+)

OVERVIEW

The CBRE Net Lease Property Group is pleased to offer for sale the 11,679-square-foot Advance Auto Parts situated on 0.80 acres in South Euclid, Ohio — part of the Cleveland-Elyria, OH MSA (MSA Population: 2.01M+). Originally set to expire in 2013, Advance Auto Parts has exercised one renewal option and its lease has been extended twice, demonstrating its commitment to the location. Most recently, the lease was extended early for an additional 8 years through 2034 and now features ±10.0 years of term remaining with a 7% rent increase in each of the three 5-year renewal options.

FOR SALE DETAILS

PRICE

$1,657,429 USD

PRICE/SF

$142 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Advance Auto Parts: South Euclid, OH

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1941

SPRINKLERS

-

PARKING SPACES

39

LAND DETAILS

LAND ACRES

0.8 AC

LAND SF

34,848 SF

ZONING

C2, Cleveland

APN/PARCEL ID

702-05-020

ASK ABOUT THIS PROPERTY

Christopher BosworthCBRE, Inc.More Info
404-441-3849

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Christopher BosworthCBRE, Inc.More Info
404-441-3849

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