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4805 Leavitt Rd
Lorain, OH 44053
Pad 4 · Retail Property For Sale
Executive Summary
Sale Price: $1,800,000
CAP Rate: 8.7%
SF: ±3,000
Land: ±0.77 Acres
Year Built: 2016
Lease End Date: 1/31/2029
Options: 2 x 5 Years
Increases: 10% Every 5 Years
Next Increase: 10% February 2029
Current Annual Base Rent: $156,911
Base Rent PSF: $52.30
Tenant operates 840 stores across 43 states within the U.S.
CAP Rate: 8.7%
SF: ±3,000
Land: ±0.77 Acres
Year Built: 2016
Lease End Date: 1/31/2029
Options: 2 x 5 Years
Increases: 10% Every 5 Years
Next Increase: 10% February 2029
Current Annual Base Rent: $156,911
Base Rent PSF: $52.30
Tenant operates 840 stores across 43 states within the U.S.
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
3,000 SF
Building Class
B
Year Built
2016
Construction Status
Proposed
Price
$2,482,092 CAD
Price Per SF
$827.36 CAD
Cap Rate
8.72%
NOI
$216,371 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
0.61 AC
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