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Investment Highlights

  • Ideal Zero Management Asset (Tenant Handles ALL Expenses Directly) for Passive Investor: Single-Tenant, Absolute NNN Lease
  • Rental Increase in 2028 Taking Property to Attractive 6.62% CAP
  • Strong Demographics: Average Household Incomes $130k+ & High Population Density of 160k+ Residents in 5-Miles Giving Easy Access Large Population Base
  • Navy Federal Credit Union: $205 Billion in Assets and The World’s Largest Credit Union, Serving More Than 13 Million Members (350+ Branches & 30k+ ATM
  • Recent (2025) Tenant Self-Funded ($1.3 Million) Full Redevelopment and Design including Brand New Roof with 20 Year Transferable Warranty
  • 37k Vehicles Per Day in Affluent, Suburban Location with State-Rated “Excellent” and Top-Rated Mayfield Exempted Village School District

Executive Summary

• Ideal Zero Management Asset (Tenant Handles ALL Expenses Directly) for Passive Investor: Single-Tenant, Absolute NNN Lease
• Navy Federal Credit Union: $205 Billion in Assets and The World’s Largest Credit Union, Serving More Than 13 Million Members Through a Network of Over 350 Branches and 30,000+ Fee-Free ATMs Nationwide
• Rental Increase in 2028 Taking Property to Attractive 6.62% CAP
• Recent (2025) Tenant Self-Funded ($1.3 Million) Full Redevelopment and Design including Brand New Roof with 20 Year Transferable Warranty, Further Strengthening the Commitment to the Location
• Strong Demographics: Average Household Incomes Over $130,000 and High Population Density of 160,000+ Residents Within 5-Miles Giving Easy Access to Large Population Base
• Prominent High Traffic Location (Approx. 37,000+ VPD) At Intersection of Mayfield & Lander Road
• Less Than 1 Mile to Interstate-271 (145,000+ VPD), Bolstering the Property’s Daily Daytime Traffic
• Navy Federal Credit Union Money.com Best Bank for Small Businesses, Ranked #2 in Customer Satisfaction Among U.S. Credit Card Issuers
• Affluent, Suburban Location with State-Rated “Excellent” and Top-Rated Mayfield Exempted Village School District
• Major Complimentary Nearby National Retailers: Eastgate Shopping Center, Golden Gate Plaza, Newer Construction Pinecrest Lifestyle Center, Eton Lifestyle Center, Legacy Village, Pavilion, Village Square, Harvard Park and Beachwood Place Mall, Along with Numerous Fitness Centers, Hotels and Restaurants
• Desirable Community with a Short Commute (20 Miles) to Downtown Cleveland Attractions, Immediate Proximity to Several Colleges/Universities, Numerous High-Profile Fortune 500 Companies, and Only 25 Miles to Cleveland Hopkins International Airport
• Various Other Nearby Major Employers Including: Less Than 3/4 Mile to Rockwell Automation (1,500 On-Site Employees) and Parker Hannifin (Corporate HQ, 60,000 Employees Globally), Along with University Hospital’s Ahuja Medical Center (2,500 Employees and $200 Million Recent Expansion), Cleveland Clinic (83,000 Employees Systemwide), Eaton Corporation HQ (2,000 Employees), Bank of America, Cuyahoga Community College, Site Centers Corp. HQ and ABB Inc. (500 Employees)

Financial Summary (Actual - 2026)

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income - -
Other Income - -
Vacancy Loss - -
Effective Gross Income - -
Net Operating Income $246,477 $44.81

Financial Summary (Actual - 2026)

Gross Rental Income (CAD)
Annual -
Annual Per SF -
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual -
Annual Per SF -
Net Operating Income (CAD)
Annual $246,477
Annual Per SF $44.81

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
5,500 SF
Building Class
B
Year Built
1995
Price
$3,944,990 CAD
Price Per SF
$717.27 CAD
Cap Rate
6.25%
NOI
$246,477 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
0.74 AC
Zoning
U4, Mayfield Heights
Parking
44 Spaces (8 Spaces per 1,000 SF Leased)
Frontage
37’ on Mayfield Rd

Amenities

  • Banking
  • Dedicated Turn Lane
  • Security System
  • Signage
  • Signalized Intersection
  • Tenant Controlled HVAC
  • Monument Signage
  • Air Conditioning

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Finance and Insurance
  • 5,500 SF
  • -
  • Triple Net
  • Oct 2032

Navy Federal Credit Union is the world’s largest credit union, headquartered in Vienna, Virginia. Established in 1933 by seven Navy Department employees during the Great Depression, it operates as a member-owned, not-for-profit financial institution serving military personnel, veterans, Department of Defense employees, and their families. The organization offers a broad range of services, including savings and checking accounts, consumer loans, mortgages, credit cards, and investment products. Navy Federal is federally chartered and regulated by the National Credit Union Administration (NCUA) and is insured by the NCUA. The credit union is privately held and has grown to manage assets exceeding $190 billion, with more than 15 million members worldwide. It maintains a significant presence through hundreds of branches and service centers, including major campuses in Virginia and Florida.

Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Finance and Insurance 5,500 SF - Triple Net Oct 2032
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100

Nearby Major Retailers

CrossFit
Buffalo Wild Wings
U.S. Bank
Starbucks
Jenny Craig
Giant Eagle
Huntington National Bank
KeyBank
Applebee's
Flagstar Bank N.A.

Property Taxes

Property Taxes

Parcel Number
861-09-044
Land Assessment
$155,011 CAD (2025)
Improvements Assessment
$285,479 CAD (2025)
Total Assessment
$440,490 CAD (2025)
  • Listing ID: 40335242

  • Date on Market: 2026-04-29

  • Last Updated:

  • Address: 5945 Mayfield Rd, Mayfield Heights, OH 44124

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