Language and Region
Currency

Email*

Please enter a valid email address.

To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

Message

923 characters remaining

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

Your email has been sent.

Meineke | New 20yr Abs NNN w/ Incrs 4868 Ledgewood Dr 4,550 SF Retail Building Medina, OH 44256 $2,170,452 CAD ($477.02 CAD/SF) 6.50% Cap Rate

.mosaic-column{display:inline-block!important;height:100%!important;width:auto!important}.mosaic-tile i{display:none!important}.mosaic-tile img{height:100%!important;width:auto!important}

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

Retail

Building Size

4,550 SF

Building Class

Year Built/Renovated

1996/2025

Price

$2,170,452 CAD

Price Per SF

$477.02 CAD

Cap Rate

6.50%

NOI

$141,085 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

Dedicated Turn Lane
Freeway Visibility

Signage

Signalized Intersection

Monument Signage

Services
99,999 SF
-
Lorem Ipsum
Jan 0000

Meineke began in Houston in the early 1970s as a muffler-focused business and later expanded into full-service auto repair under the Meineke Car Care Centers name. Meineke now operates as a franchise-based automotive repair brand with a broad network of locally owned shops across North America. Services include oil changes, exhaust and muffler work, brake repair, tire service, air conditioning service, steering and suspension work, battery service, and CV joint installation. Meineke also supports fleet services, customer financing, and a rewards program, while continuing to emphasize maintenance and repair across the franchise system. The brand maintains strong customer ratings at many locations and reflects continued attention to service quality and brand reach.