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2888 Mayfield Rd 7 500 pi² Commerce de détail Immeuble Cleveland, OH 44118 2 000 157 $ CAD (266,69 $ CAD/pi²) 8,50% Taux de capitalisation



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FAITS SAILLANTS DE L'INVESTISSEMENT
- Passive Investment: Net lease opportunity with 3% annual increases and limited landlord responsibilities.
- High Barriers to Entry & Automotive Synergies: Urban infill location with limited opportunities for new automotive uses or developments.
- Close proximity to 6 automotive dealerships and service centers.
- Possible Owner/User Investment: Contact broker for more information.
- Cleveland Heights Submarket: Densely populated surrounding market area, population of ±17,500 and ±$77,500 average household income in a 1 mi radius.
- Single-Tenant Automotive Building: The subject property is occupied by Drivechoice and utilized as an automotive lot and reconditioning facility.
RÉSUMÉ DE L'ANNONCE
SINGLE-TENANT AUTOMOTIVE BUILDING: The Subject Property is occupied by a Drivechoice company and utilized as an automotive storage lot and reconditioning facility servicing their main dealership, Honda of Cleveland Heights, which is across the street. The Lease has less than 4 years remaining on the original 10 year lease with no option to extend.
COMPANY OVERVIEW: DriveChoice is a multi-brand automotive dealership group specializing in the sale of new, used, and certified pre-owned vehicles. They operate 11 dealerships locations spanning from Ohio, Florida, and New Jersey, the company offers a broad selection of vehicle brands including Ford, Mitsubishi, Honda, Hyundai, Kia, Nissan, and Volkswagen.
PASSIVE INVESTMENT: Net Lease opportunity with 3% annual increases and limited Landlord responsibilities.
HIGH BARRIERS TO ENTRY & AUTOMOTIVE SYNERGIES: Urban infill location with limited opportunities for new automotive uses or developments. Close proximity to 6 automotive dealerships and service centers.
CLEVELAND HEIGHTS SUBMARKET: Densely populated surrounding market area, population of ±17,500 and ±$77,500 average household income in a one-mile radius.
POSSIBLE OWNER/USER INVESTMENT: Contact Broker For More Information.
COMPANY OVERVIEW: DriveChoice is a multi-brand automotive dealership group specializing in the sale of new, used, and certified pre-owned vehicles. They operate 11 dealerships locations spanning from Ohio, Florida, and New Jersey, the company offers a broad selection of vehicle brands including Ford, Mitsubishi, Honda, Hyundai, Kia, Nissan, and Volkswagen.
PASSIVE INVESTMENT: Net Lease opportunity with 3% annual increases and limited Landlord responsibilities.
HIGH BARRIERS TO ENTRY & AUTOMOTIVE SYNERGIES: Urban infill location with limited opportunities for new automotive uses or developments. Close proximity to 6 automotive dealerships and service centers.
CLEVELAND HEIGHTS SUBMARKET: Densely populated surrounding market area, population of ±17,500 and ±$77,500 average household income in a one-mile radius.
POSSIBLE OWNER/USER INVESTMENT: Contact Broker For More Information.
FAITS SUR LA PROPRIÉTÉ
Type de vente
Investissement pour loyer hypernet
Conditions de vente
Type de propriété
Commerce de détail
Sous-type de propriété
Taille du bâtiment
7 500 pi²
Classe d’immeuble
C
Année de construction/rénovation
1951/1965
Prix
2 000 157 $ CAD
Prix par pi²
266,69 $ CAD
Taux de capitalisation
8,50%
Revenu net d’exploitation
170 013 $ CAD
Location
Unique
Hauteur du bâtiment
1 étage
Quais de chargement
1 Extérieur
COMMODITÉS
- Affichage
Walk Score®
Très pratique à pied (72)
PRINCIPAUX DÉTAILLANTS À PROXIMITÉ
Impôts fonciers
| Numéros de lot | Évaluation des bâtiments | 202 558 $ CAD | |
| Évaluation du terrain | 96 691 $ CAD | Évaluation totale | 299 249 $ CAD |
Impôts fonciers
Numéros de lot
Évaluation du terrain
96 691 $ CAD
Évaluation des bâtiments
202 558 $ CAD
Évaluation totale
299 249 $ CAD
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2888 Mayfield Rd
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