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Advance Auto Parts 7440 Broadway Ave 7,000 SF Retail Building Cleveland, OH 44105 $1,544,726 CAD ($220.68 CAD/SF) 7.01% Cap Rate
Investment Highlights
- Recent extension of five years on top of existing term
- Rare Lease with tenant responsible for roof, parking lot, HVAC, taxes, and insurance at this location making it ideal for out-of-state investors
- Located in Cleveland, a major metropolitan market in Northeast Ohio, providing a large population base, diverse demographics
- Location averages 31K+ visits annually
- Investment Grade Credit Tenant | Market Cap: 9.6 Billion and a BBBS& P Rating
- Strategically located on Broadway Avenue in Cleveland with an average 18,000+ vehicles per day
Executive Summary
Recent extension of five years on top of existing term
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
7,000 SF
Building Class
B
Year Built
2005
Price
$1,544,726 CAD
Price Per SF
$220.68 CAD
Cap Rate
7.01%
NOI
$108,254 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
0.82 AC
Zoning
SI-C2,Cleveland
Parking
38 Spaces (5.6 Spaces per 1,000 SF Leased)
Nearby Major Retailers
Property Taxes
| Parcel Number | 133-20-024A | Improvements Assessment | $217,252 CAD |
| Land Assessment | $256,678 CAD | Total Assessment | $473,930 CAD |
Property Taxes
Parcel Number
133-20-024A
Land Assessment
$256,678 CAD
Improvements Assessment
$217,252 CAD
Total Assessment
$473,930 CAD
Contacts
-
Deno Bistolarides -
Evan Lyons -
Joe Lopez -
Encore Real Estate Investment Services
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Advance Auto Parts | 7440 Broadway Ave
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