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26614-26628 Lorain Rd

12,132 SF 100% Leased Retail Building North Olmsted, OH 44070 £2,958,750 (£244/SF) 8.05% Net Initial Yield

Investment Highlights

  • 100% occupancy with diverse tenant mix.
  • Strategic location positions property for long-term value appreciation.
  • Low operational cost due to the NNN lease structure in place.
  • Staggered lease expirations reduce vacancy risk and enhance tenant retention.

Executive Summary

Prime investment opportunity in North Olmsted! Property is 100% leased to a diverse tenant mix with staggered lease expirations. Excellent visibility to over 29,500 vehicles per day. Low operational cost due to NNN lease structure in place. Call for pricing.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
12,132 SF
Building Class
C
Year Built
1968
Price
£2,958,750
Price Per SF
£244
Net Initial Yield
8.05%
NOI
£238,045
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.22
Land Acres
1.29 AC
Zoning
CRG - General Retail
Parking
63 Spaces (5.19 Spaces per 1,000 SF Leased)
Frontage
139 ft on Lorain Rd

Amenities

  • Pylon Sign
  • Signalised Intersection
  • Drive Thru

Nearby Major Retailers

Marc's
Scramblers
KeyBank
Famous Dave's
Buffalo Wild Wings
Biggby Coffee
Boston Market
BJ's Restaurant & Brewhouse
Orangetheory Fitness
Dollar Bank

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
232-26-010
Land Assessment
£124,433
Improvements Assessment
£786,862
Total Assessment
£911,295
  • Listing ID: 32521022

  • Date on Market: 19/07/2024

  • Last Updated:

  • Address: 26614-26628 Lorain Rd, North Olmsted, OH 44070

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