2900 Mayfield Rd
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
2900 Mayfield Rd
2,500 SF Specialty Building Offered at £2,080,002 at a 7% Net Initial Yield in Cleveland Heights, OH 44118
EXECUTIVE SUMMARY
LONG-TERM PASSIVE INVESTMENT: Whistle Express recently executed a brand new 20-Year NNN Lease with 2% annual increases backed
by Express Car Wash, LLC (Corporate Entity with over 150 units under management).
CORPORATE BACKED INVESTMENT: Formerly known as Magnolia Wash Holdings, Whistle Express is the 10th largest car wash operator,
having grown to over 150 locations following a significant growth capital investment from Oaktree Capital Management LP ($172B in AUM).
HIGH BARRIERS TO ENTRY & AUTOMOTIVE SYNERGIES: Limited opportunities for new express car wash or automotive use developments.
Close proximity to 6 dealerships and automotive service centers.
BONUS & ACCELERATED DEPRECIATION: Express car washes qualify for 15-Year Accelerated Depreciation as well as Bonus Depreciation.
Consulting your accountant or tax attorney is advised.
CLEVELAND HEIGHTS SUBMARKET: Densely populated & highly affluent market with 1.7% submarket vacancy (general retail). 17,429 population
in a 1-Mile Radius with an average Household Income of $77,576.
by Express Car Wash, LLC (Corporate Entity with over 150 units under management).
CORPORATE BACKED INVESTMENT: Formerly known as Magnolia Wash Holdings, Whistle Express is the 10th largest car wash operator,
having grown to over 150 locations following a significant growth capital investment from Oaktree Capital Management LP ($172B in AUM).
HIGH BARRIERS TO ENTRY & AUTOMOTIVE SYNERGIES: Limited opportunities for new express car wash or automotive use developments.
Close proximity to 6 dealerships and automotive service centers.
BONUS & ACCELERATED DEPRECIATION: Express car washes qualify for 15-Year Accelerated Depreciation as well as Bonus Depreciation.
Consulting your accountant or tax attorney is advised.
CLEVELAND HEIGHTS SUBMARKET: Densely populated & highly affluent market with 1.7% submarket vacancy (general retail). 17,429 population
in a 1-Mile Radius with an average Household Income of $77,576.
PROPERTY FACTS
1 of 1
Walk Score®
Very Walkable (71)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | £83,822 | |
| Land Assessment | £45,650 | Total Assessment | £129,472 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
£45,650
Improvements Assessment
£83,822
Total Assessment
£129,472
CONTACTS
-
Thiago Delia -
Aria Pournazarian -
Brody Hess -
Matthew Wallace -
Matthews Real Estate Investment Services
1 of 10
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
2900 Mayfield Rd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.