8874 Pearl Rd - Auto Repair FOR SALE


Strongsville, OH 44136
$1,791,667 USD
203-253-9455
8874 Pearl Rd, Strongsville, OH for Sale
$1,791,667 USD
Auto Repair - FOR SALE
1/2
null | 6% Cap Rate

8874 Pearl Rd
Strongsville, OH 44136


HIGHLIGHTS

  • Long-Term 20-Year NNN Sale-Leaseback
  • Strong Corporate Guarantee | This lease will be subject to a strong corporate guarantee from Drive Funding Holdco, LLC, (3,500+ Units)
  • Absolute Triple Net (NNN) Lease | The subject investment property will feature an absolute triple net (NNN) lease, with zero landlord responsibilities

OVERVIEW

NNN Pro is pleased to present the exclusive listing for a Take 5 Oil Change located at 8874 Pearl Road, Strongsville, Ohio 44136. The site consists of roughly 1420 rentable square feet of building space on an estimated 0.6-acre parcel of land. This Take 5 Oil Change is subject to a 20-year Triple Net (NNN) lease, which will commence upon close of escrow. The annual rent will be $107,500 and has scheduled increases of 1.50% Annually.

FOR SALE DETAILS

PRICE

$1,791,667 USD

PRICE/SF

$1,262 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Take 5 Oil Change

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.6 AC

LAND SF

26,136 SF

ZONING

-

APN/PARCEL ID

395-07-001

ASK ABOUT THIS PROPERTY

Edward OtockaNNN Pro GroupMore Info
203-253-9455

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Edward OtockaNNN Pro GroupMore Info
203-253-9455

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