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The Learning Experience | 2025-Built 12326 Pearl Rd 10,000 SF Retail Building Strongsville, OH 44136 $7,976,287 CAD ($797.63 CAD/SF) 7.35% Cap Rate
INVESTMENT HIGHLIGHTS
- The Learning Experience New Construction 21-Year NNN Lease in Strongsville, OH (Cleveland MSA)
- 10% Rent Increases Every 5 Years of Initial Term & Options Add 237 bps to CAP Rate by End of Initial Term; 9.5% CAP in 2040
- Oversized 4.55 Acre Parcel | +/- 1.9 Acres of Undeveloped Land Included as Upside to Lease/Sell/Develop
- 2025-Built; Rent Commencement of March 31, 2025
- Tenant Pays TAX/INS, also Pays Fixed CAM of $67,500 ($6.75/SF) in Yr-1 with 5% Annual Increases. CAM Not Subject to Reconciliation; Likely a Profit C
- Carries Typical TLE Limited Corporate Guaranty with $850K Limit Over First 5 Lease Years, Decreasing by 20% Per Year
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
10,000 SF
Building Class
C
Year Built
2025
Price
$7,976,287 CAD
Price Per SF
$797.63 CAD
Cap Rate
7.35%
NOI
$586,286 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
4.54 AC
Zoning
R-RS
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- The Learning Experience
- -
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| The Learning Experience | - | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 392-28-010 | Improvements Assessment | $0 CAD |
| Land Assessment | $277,099 CAD | Total Assessment | $277,099 CAD |
PROPERTY TAXES
Parcel Number
392-28-010
Land Assessment
$277,099 CAD
Improvements Assessment
$0 CAD
Total Assessment
$277,099 CAD
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The Learning Experience | 2025-Built | 12326 Pearl Rd
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