26614-26628 Lorain Rd
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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
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
Amenities
- Pylon Sign
- Signalised Intersection
- Drive Thru
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 232-26-010 | Improvements Assessment | £786,862 |
Land Assessment | £124,433 | Total Assessment | £911,295 |
PROPERTY TAXES
Parcel Number
232-26-010
Land Assessment
£124,433
Improvements Assessment
£786,862
Total Assessment
£911,295
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26614-26628 Lorain Rd
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