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22019 Emery Rd
Warrensville Heights, OH 44128
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Two Tenant Asset - Quick Service Restaurant and Automotive
- Freestanding Buildings with Minimal Landlord Duties
- Georgio’s Pizza has Over 40 Store Locations in the Region
- Attractive 8.5% Year One Cap Rate
- Services Nearby 900,000 SF Amazon Fulfillment Center
- Starr Automotive has Been a Tenant in the Property Since 1995
EXECUTIVE SUMMARY
For sale to qualified investors is a two-building asset in Warrensville Heights, Ohio, leased to Georgio’s Oven Fresh Pizza and Starr Automotive. This property offers the investor with two freestanding buildings featuring valuable restaurant and automotive build outs for an attractive cap rate of 8.5%. The offering includes a freestanding Georgio’s Pizza facing Emery Road, and a freestanding Starr Automotive, who has been a tenant since 1995. Georgio’s is responsible for their own daily property maintenance, leaving minimal landscaping and snowplowing as the landlord responsibility for the Starr Automotive parcel. Within just blocks of the property are national and regional corporations including the North Randall Amazon Fulfillment Center (900,000 SF and 2,000+ employees), JACK Thistledown Racino, Cuyahoga Community College, Heinen’s food manufacturing and many others. Additionally, the property is surrounded by national retailers including ALDI, Wendy’s, KFC, Taco Bell, Popeyes, CVS, Burger King, Sherwin-Williams, Planet Fitness, Save-A-Lot, Subway, and many others.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,400 SF
Building Class
B
Year Built
1977
Price
$957,230 CAD
Price Per SF
$398.85 CAD
Cap Rate
8.50%
NOI
$81,365 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.70 AC
Opportunity Zone
Yes
Zoning
U-4C2
Parking
55 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
41’ on Emery Rd
AMENITIES
- Signage
PROPERTY TAXES
| Parcel Number | 761-21-003 | Improvements Assessment | $30,599 CAD |
| Land Assessment | $45,109 CAD | Total Assessment | $75,708 CAD |
PROPERTY TAXES
Parcel Number
761-21-003
Land Assessment
$45,109 CAD
Improvements Assessment
$30,599 CAD
Total Assessment
$75,708 CAD
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