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Meineke | New 20yr Abs NNN w/ Incrs 4868 Ledgewood Dr 4,550 SF Retail Building Medina, OH 44256 $2,350,632 CAD ($516.62 CAD/SF) 6% Cap Rate
Investment Highlights
- Brand New 20-Year Lease | Franchisee Personal Guaranty
- Strategic Medina Retail Corridor | U.S. Highway 42 / Interstate 71
- Affluent Demographics | Akron-Cleveland Regional Access
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Dense Retail Trade Area | Strong National Co-Tenancy | Walmart Super Center Across The Street (2.2 M Annual Vistors)
Executive Summary
SRS National Net Lease Group, LP is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Meineke Car Care Center investment property located in Medina, Ohio. The tenant, Meineke Car Care Center (Marcor LLC) recently signed a brand new 20 year lease with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for an out of state investor.
Property Facts
Sale Type
Investment NNN
Property Type
Building Size
4,550 SF
Building Class
B
Year Built/Renovated
1996/2025
Price
$2,350,632 CAD
Price Per SF
$516.62 CAD
Cap Rate
6%
NOI
$141,057 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
0.62 AC
Zoning
C-3 - General Commercial
Parking
11 Spaces (2.42 Spaces per 1,000 SF Leased)
Frontage
105’ on Ledgewood Dr
Amenities
- Dedicated Turn Lane
- Freeway Visibility
- Signage
- Signalized Intersection
- Monument Signage
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Services
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
Since opening its first location in Houston, Texas, in 1972, Meineke has built a network of locally owned car care centers operated by experienced automotive professionals. The company offers a range of services and programs, including employment opportunities and financing options, designed to support both customers and franchise partners.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Services | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
Fairly walkable
40/100
Very drivable
80/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 026-06C-12-016 | Improvements Assessment | $145,836 CAD |
| Land Assessment | $109,011 CAD | Total Assessment | $254,847 CAD |
Property Taxes
Parcel Number
026-06C-12-016
Land Assessment
$109,011 CAD
Improvements Assessment
$145,836 CAD
Total Assessment
$254,847 CAD
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Meineke | New 20yr Abs NNN w/ Incrs | 4868 Ledgewood Dr
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