5768 Andrews Rd - Storefront FOR SALE


Mentor On The Lake, OH 44060
$1,814,285 USD
732-832-5414
5768 Andrews Rd, Mentor On The Lake, OH for Sale
$1,814,285 USD
Storefront - FOR SALE
1/1
null | 7% Cap Rate

5768 Andrews Rd
Mentor On The Lake, OH 44060


HIGHLIGHTS

  • Absolute NNN Lease with zero landlord responsibilities, ideal for investors seeking a passive stream of cash flow
  • ±10,640 square foot building is developed to the tenant’s current specifications, offering ample space for consumable products
  • Strong Corporate Guaranty: From Dollar General Corporation, a Fortune 500 company, boasting a BBB credit rating (S&P) and a $28 billion market cap
  • There are over 200,000 residents living within a 10-mile radius with an average household income of over $81,000

OVERVIEW

15-year lease with 14.50 years remaining on the primary term and 10% rental increases beginning at the start of each of the Five, 5-Year Options

FOR SALE DETAILS

PRICE

$1,814,285 USD

PRICE/SF

$171 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

57

LAND DETAILS

LAND ACRES

3.8 AC

LAND SF

165,383 SF

ZONING

Business District

APN/PARCEL ID

19-A-091-G-00-003

ASK ABOUT THIS PROPERTY

Edward DesimoneMatthews Real Estate Investment ServicesMore Info
732-832-5414

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Edward DesimoneMatthews Real Estate Investment ServicesMore Info
732-832-5414

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