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Former KeyBank 5637 Mayfield Rd 3,889 SF Retail Building Cleveland, OH 44124 $2,795,913 CAD ($718.93 CAD/SF) 15.95% Cap Rate
Investment Highlights
- NNN Lease | Limited Landlord Responsibilities
- Corporate Guarantee | S&P Credit Rating "A-"
- Excellent Visibility and Easily Accessible from Main Roads
- 1-Year Remaining on Original 15 Year Lease Term
- Hard Corner Signalized Intersection | Mayfield Rd and Brainard Rd
- Located in a Densely-Populated and Affluent Cleveland Sub-Market with Close Proximity to Interstate-271
Executive Summary
FORMER KEYBANK | ALL-BRICK CONSTRUCTION | HARD CORNER LOCATION (40,000VPD+) | DRIVE-THRU CAPABILITY
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Bank
Building Size
3,889 SF
Building Class
B
Year Built
2010
Price
$2,795,913 CAD
Price Per SF
$718.93 CAD
Cap Rate
15.95%
NOI
$445,904 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.89 AC
Zoning
CRG
Parking
16 Spaces (4.13 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Signage
- Drive Thru
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 712-21-012 | Improvements Assessment | $515,135 CAD |
| Land Assessment | $445,032 CAD | Total Assessment | $960,168 CAD |
Property Taxes
Parcel Number
712-21-012
Land Assessment
$445,032 CAD
Improvements Assessment
$515,135 CAD
Total Assessment
$960,168 CAD
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Former KeyBank | 5637 Mayfield Rd
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