Carvana | Warrensville Heights, OH 4070 Interchange Corporate Center Rd 8,408 SF Retail Building Warrensville Heights, OH 44128 $9,406,376 CAD ($1,118.74 CAD/SF) 7% Cap Rate

CBRE is pleased to exclusively present for sale this 8,408 square foot Carvana property located on a 4+ acre lot in Warrensville Heights, Ohio. Carvana has more than 14 years remaining with four five-year options to renew on an Absolute NNN lease with zero landlord management or responsibilities. The lease is corporately guaranteed by Carvana LLC (NYSE: CVNA), the leading e-commerce platform for buying and selling used cars, with 2025 revenue of more than $20.3B. The Carvana lease offers steady income growth with built-in rent bumps every five years throughout the remaining base term and the four 5-year renewal options. The next rent increase hits in January 2028, creating an immediate lift in income that strengthens overall performance for investors.
The Property - with its 8-story Car Vending Machine - features significant frontage and excellent visibility from I-271 (158,700 VPD) and has access to the interstate less than a mile away via Emery Road (14,100 VPD) and Richmond Road (23,500 VPD). It is surrounded by numerous national retail tenants including Whole Foods Market, ALDI, BJ's, Marshalls, Panera Bread, DSW, Planet Fitness, CVS Pharmacy, Buffalo Wild Wings, HomeGoods, Chipotle, Five Below, Chick-Fil-A, Value City Furniture, Dollar Tree, Olive Garden, KFC, Wendy's, Burger King. There are also multiple hotel chains nearby, including Marriott, Courtyard Marriott, AC Hotel by Marriott, ALOFT, Embassy Suites, Hampton Inn & Suites, Resicence Inn and more. Carvana is in close proximity to several large employers and economic drivers including Cuyahoga Community College (42,000+ students), Cleveland Clinic Hospital and administrative offices, UH Ahuja Medica Center, Regency Hospital, Ohio Department of Transportation and more. These drivers lead to a 25,000 increase in daytime population within the 5 miles surrounding the Property.
Part of the Cleveland MSA, Warrensville Heights is only 16 miles from Downtown Cleveland and features more than 182,000 residents and Average Household Incomes of more than $110,000 in the 5 miles surrounding the Property.