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14444 Pearl Rd 6,982 SF Retail Building Strongsville, OH 44136 $2,312,387 CAD ($331.19 CAD/SF) 5.88% Cap Rate
Investment Highlights
- Corporate Guaranteed Lease: Backed by U.S. Bank, providing long-term security and credit-rated income.
- Long-Term Stability: Tenant recently executed a 10 year extension of the lease with 10% rent increases every five years and market rent at options.
- Prime Retail Corridor Location: Positioned along Pearl Road (State Route 42), Strongsville’s dominant retail artery.
- Absolute Net Structure: Tenant responsible for all expenses; true passive, zero-landlord-responsibility investment.
- Attractive Income Stream: $99,625 annual NOI with predictable escalation and no near-term rollover risk.
- Surrounded by Major National Retailers: Near Costco, Target, Home Depot, T.J. Maxx, Heinen’s, Best Buy, Petco, and SouthPark Mall, driving traffic
Executive Summary
14444 Pearl Rd, Strongsville, OH is a retail bank building currently listed for sale as an investment property. It offers 6,982 SF on a 0.65-acre lot, priced at $1,811,364 with a 5.50% cap rate and $99,625 annual NOI. The property features an absolute net lease backed by U.S. Bank, with a recently executed 10-year extension including 10% rent increases every five years, ensuring long-term stability and zero landlord responsibilities. Positioned on Strongsville’s prime retail corridor near major national retailers, this asset provides a secure, credit-rated income stream.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Bank
Building Size
6,982 SF
Building Class
C
Year Built/Renovated
1965/2025
Price
$2,312,387 CAD
Price Per SF
$331.19 CAD
Cap Rate
5.88%
NOI
$135,912 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.25
Lot Size
0.65 AC
Zoning
GB - General Business
Parking
26 Spaces (3.21 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 393-19-035 | Improvements Assessment | $286,286 CAD |
| Land Assessment | $137,406 CAD | Total Assessment | $423,691 CAD |
Property Taxes
Parcel Number
393-19-035
Land Assessment
$137,406 CAD
Improvements Assessment
$286,286 CAD
Total Assessment
$423,691 CAD
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14444 Pearl Rd
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