Share This Listing

Message

960 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the broker for more information about this property

27100 Chagrin Blvd 24,632 SF 100% Leased Retail Building Beachwood, OH 44122 $11,257,698 CAD ($457.04 CAD/SF) 7% Cap Rate

Save this listing!

Favourite this listing to get notified of price updates, new media and more

INVESTMENT HIGHLIGHTS

  • 100% Occupied 25,684 sf NNN Retail Center
  • Performing Tenant Mix with Strong Sales, Prompting Long Term Commitment
  • A+ Real Estate Fundamentals Supporting Long Term Tenant Success
  • Annual Rent Increases providing NOI Compound Annual Growth Rate of 2.38% over a 10 Year hold period

EXECUTIVE SUMMARY

100% Occupied 25,684 sf NNN Retail Center. A+ Real Estate Fundamentals Supporting Long Term Tenant Success. Insulated location directly off of I-271 which sees 171,807 vehicles per day. Irreplaceable real estate positioned on a heavily trafficked signalized intersection at exit 29 & Chagrin Blvd combining for 36,773 vehicles per day. Densely populated & highly affluent market with over 190k
residents within 5-miles and $200k Household Income within 1-mile. 1.7% submarket vacancy (general retail) and strength of real estate
promotes long term Retailer demand for the subject location. Performing Tenant Mix with Strong Sales, Prompting Long Term Commitment. This is Choolaah’s flagship store and by far their top performer out of 6 locations; Choolaah has been operating at the subject location since 2015 and signed a fresh 10 year extension in December 2023. LJI Collision is a highly successful single-unit Auto Repair & Restoration operator with strong, consistently growing sales. They have been operating at the subject location since 2010 and recently extended for 5 years in April 2023. Annual Rent Increases providing NOI Compound Annual Growth Rate of 2.38% over a 10 Year hold period.

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Dealership
Building Size
24,632 SF
Building Class
C
Year Built/Renovated
1979/2014
Price
$11,257,698 CAD
Price Per SF
$457.04 CAD
Cap Rate
7%
NOI
$787,955 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.21
Lot Size
2.73 AC
Zoning
U-7
Frontage
93’ on Chagrin Blvd

NEARBY MAJOR RETAILERS

Bob Evans Restaurants
Bank of America
Fifth Third Bank
Flagstar
Dollar Bank
PNC Bank
StretchLab
Club Pilates
Biggby Coffee
Bibibop Asian Grill

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
901-01-004
Land Assessment
$1,166,397 CAD
Improvements Assessment
$878,356 CAD
Total Assessment
$2,044,753 CAD
  • Listing ID: 31531758

  • Date on Market: 2024-04-17

  • Last Updated:

  • Address: 27100 Chagrin Blvd, Beachwood, OH 44122

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}