Children's Learning Adventure, Mayfield Heigh | 1233 Som Center Rd
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Children's Learning Adventure, Mayfield Heigh 1233 Som Center Rd
14,563 SF Retail Building Cleveland, OH 44124 £6,229,612 (£428/SF) 6.27% Net Initial Yield
Investment Highlights
- Close Proximity to the Hillcrest Hospital with 2,000 employees.
- Heavily Trafficked intersection with over 60,000 vehicles per day.
- Fantastic Access to the Interstate 271
- Trade Area Co-Tenants including Target, Costco, Best Buy, Giant Eagle, Marc’s, ALDI, Starbucks, and many others.
Executive Summary
Children’s Learning Adventure is pleased to offer qualified investors an opportunity to purchase a fee simple, single-tenant net leased investment fully occupied by Children’s Learning Adventure in Mayfield Heights, Ohio. This asset is ideal for investors seeking long-term, inflation-resistant cash flows, featuring a brand new 15-year lease commencing upon closing, two 5-year renewal periods, scheduled rent increases every 5 years and minimal landlord responsibilities.
This 14,563 square foot facility, located on a 1.60 acre lot, is prominently positioned in the dominant retail corridor that draws families from the affluent Gates Mills community. Gates Mills has a median household income of $168,100. The area has a strong white-collar workforce, with over 23,000 employees within a 1.5 mile radius. Neaby Retailers include Target, Costco, Best Buy, Marc’s, ALDI, CVS Pharmacy, Bath & Body Works, Marshalls and many more.
*All Photos or Renderings are projected and not-current representations.
Tenant Sale-Leaseback
New 15-Year Primary Lease Term
Lease Term Commencing at Close of Escrow
NNN Lease with Minimal Landlord Responsibilities
2 additional 5-Year Option Periods
Annual Rent of $495,053
This 14,563 square foot facility, located on a 1.60 acre lot, is prominently positioned in the dominant retail corridor that draws families from the affluent Gates Mills community. Gates Mills has a median household income of $168,100. The area has a strong white-collar workforce, with over 23,000 employees within a 1.5 mile radius. Neaby Retailers include Target, Costco, Best Buy, Marc’s, ALDI, CVS Pharmacy, Bath & Body Works, Marshalls and many more.
*All Photos or Renderings are projected and not-current representations.
Tenant Sale-Leaseback
New 15-Year Primary Lease Term
Lease Term Commencing at Close of Escrow
NNN Lease with Minimal Landlord Responsibilities
2 additional 5-Year Option Periods
Annual Rent of $495,053
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Day Care Centre
Building Size
14,563 SF
Building Class
B
Year Built
2007
Price
£6,229,612
Price Per SF
£428
Net Initial Yield
6.27%
NOI
£390,597
Tenancy
Single
Number of Floors
1
Building FAR
0.21
Land Acres
1.60 AC
Zoning
Commercial - Commercial
Parking
40 Spaces (2.75 Spaces per 1,000 SF Leased)
Frontage
88 ft on Som Center Rd
Amenities
- Pylon Sign
- Signalised Intersection
- Waterfront
- Drive Thru
Space Availability
- Space
- Size
- Space Use
- Position
- Available
- 1st Floor
- 14,564 SF
- Retail
- -
- Now
| Space | Size | Space Use | Position | Available |
| 1st Floor | 14,564 SF | Retail | - | Now |
1st Floor
| Size |
| 14,564 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 862-26-003 | Improvements Assessment | £416,857 |
| Land Assessment | £423,082 | Total Assessment | £839,939 |
PROPERTY TAXES
Parcel Number
862-26-003
Land Assessment
£423,082
Improvements Assessment
£416,857
Total Assessment
£839,939
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Kalen Rickard -
Brian Gausden -
Julie Green -
Western Retail Advisors, LLC
1 of 9
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Children's Learning Adventure, Mayfield Heigh | 1233 Som Center Rd
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