941 Center Rd 11,472 SF Retail Building Avon, OH 44011 $3,489,800 CAD ($304.20 CAD/SF) 6.50% Cap Rate

Turn-key, single-tenant NNN investment leased to Childtime Learning Center (Learning Care Group) in the heart of Avon, Ohio. The ±11,472 SF masonry building, built in 2006, features a 30-year roof and a newly sealcoated parking lot (2025). Tenant covers all taxes, insurance, utilities, and maintenance under a Triple-Net lease through October 2031, with 5% rent escalations every five years and two 5-year renewal options. Strong national operator with over 1,100 schools nationwide provides stable, long-term income. Prime location near Avon Commons, Cleveland Clinic Avon Hospital, and major retail developments including Topgolf and Cooper’s Hawk, surrounded by affluent suburbs and household incomes exceeding $150,000.
Capital Improvements
2020: Furnaces, hot water tanks, exterior doors, and many windows replaced (particularly along the rear elevation).
2025: Asphalt parking lot seal coated and restriped (October).
Additional Feature: 200-foot depth easement at the rear of the property allows for potential future expansion or conversion opportunities (e.g., additional parking or repurposing for alternative commercial use)
Situated within one of Greater Cleveland’s most affluent and fastest-growing suburban corridors, the property benefits from average household incomes exceeding $150,000 and proximity to high-demographic communities including Avon, Avon Lake, Westlake, and Bay Village.
The area’s economic base is anchored by robust retail, healthcare, and employment centers, generating both daytime and residential demand. The site is just minutes from Avon Commons (I-90 & SR-83)—a regional power center anchored by Costco, Target, Kohl’s, The Home Depot, and Heinen’s—drawing customers from Lorain and western Cuyahoga counties.
The surrounding retail corridor continues to expand, with over one million square feet of new retail and entertainment development, including Menards, Main Event, Ashley Furniture, Dick’s Sporting Goods, Raising Cane’s, City BBQ, Starbucks, and Chipotle, as well as Topgolf and Cooper’s Hawk Restaurant & Winery.
Additional daytime traffic and economic stability are supported by Cleveland Clinic Avon Hospital and Bendix Commercial Vehicle Systems’ North American headquarters, major employers that bolster both household income and spending in the area.