Shoppes at Willoughby Hills 27401 Chardon Rd 8 908 pi² Commerce de détail Immeuble Willoughby Hills, OH 44092 1 039 960 $ CAD (116,74 $ CAD/pi²) 6,75% Taux de capitalisation

Fortino Real Estate Group is pleased to present the fee-simple sale of a single-tenant National Tire & Battery (NTB) property located in Willoughby Hills, Ohio, within the Cleveland MSA. The tenant has operated at this location since 1989, demonstrating over three decades of operational stability. In 2020, NTB executed a 10-year lease extension, ensuring a guaranteed term through March 2030 with two additional five-year renewal options.
The property is leased to NTW LLC, a wholly owned subsidiary of TBC Corporation, one of the largest automotive service and tire distribution companies in North America and parent to brands such as Tire Kingdom, Midas, and Big O Tires. This is a true triple-net (NNN) lease, with the tenant responsible for all maintenance, repairs, insurance, and real estate taxes — offering investors a hands-off, passive investment opportunity with a corporate-backed tenant.
Strategically positioned along Chardon Road (12,600 VPD) near Interstate 90, the site benefits from excellent visibility and access. It is shadow-anchored by Marc’s Grocery Store (opened 2022) and surrounded by national retailers including Aldi, CVS, McDonald’s, Dunkin’, and Dollar Tree. The surrounding trade area includes over 1,300 multifamily units and University Hospitals Richmond Hospital, driving consistent consumer and daytime traffic.