$1,349,000 USD
972-755-5205
5900 St Clair Ave
Cleveland, OH 44103
St Clair-Superior
HIGHLIGHTS
- Absolute Net Lease with Three Years Remaining – Tenant Exercised Their Most Recent Option in 2021
- Near the Signalized Hard Corner of St Clair Avenue and East 55th Street (33,795 VPD) With Easy Access to Interstate 90 (114,918 VPD)
- Dense Infill Location - 206,756 Residents and 341,424 Employees (Five-Mile Radius)
- Corporate Lease with KeyBank National Association (NYSE: KEY)
OVERVIEW
Marcus & Millichap is pleased to present the opportunity to acquire an absolute net lease KeyBank in Cleveland, OH. The property consists of a 5,554-square-foot, freestanding building that sits on approximately 1.08 acres of land. There are 3 years remaining on the lease with 10% rental increases every 5 years. Michael Glass; 500 Neil Ave., Ste. 100 Columbus, OH 43215; (614) 360-9800; Lic. # BRK.2007005898
FOR SALE DETAILS
PRICE
$1,349,000 USD
PRICE/SF
$243 USD /SF
CAP RATE
7.85%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
KeyBank (Absolute Net Lease)
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Bank
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1973
SPRINKLERS
-
PARKING SPACES
44
LAND DETAILS
CROSS STREETS
60th
LAND ACRES
1.08 AC
LAND SF
47,045 SF
ZONING
Commercial
APN/PARCEL ID
104-12-006,104-12-007,104-12-008
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972-755-5205
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972-755-5205
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