Keller Williams | Absolute Triple Net (NNN) Lease
$1,580,000
18318 Pearl Road, Strongsville, OH 44136
For Sale
Office
Building
Active
Last Updated: 06/14/2021
8.16
Cap Rate
129,000
NOI
Details:
Cap Rate: 8.16%
NOI: $129,000
Building Size: 6,800 sqft
Lot Area: 0.56 acres
Lease Type: Absolute Net
Year Built: 2006
Price Per Sqft: $232.35
Roof & Structure: Tenant’s Responsibility
HVAC: Tenant’s Responsibility
Repairs & Maintenance: Tenant’s Responsibility
Highlights:
- Absolute Triple Net (NNN) Lease With Zero Landlord Responsibility
- Keller Williams is a Strong Tenant That Operates Internationally With Over 940 Offices in Over 50 Global Regions
- Keller Williams Has a Long Operating History at This Location Since 2006
- Rental Increase in Year 1 to $138,000 – Which Will Then Boost the CAP Rate to 8.73%
- Low Price Point and Hands-Off Lease Structure is Ideal For 1031 Investors
- Located on the Thriving Hwy 42 and Pearl Road Commercial Corridor in Strongsville Which is a Major Cleveland Suburb
- Solid Daytime Population is Due to the Large Number of Industrial Employers in the Area
- Strongsville Has Experienced Some of the Strongest Residential and Commercial Growth in Northeast Ohio Over the Last 20 Years
- Nearby Tenants Include: Costco, Target, Dillard’s, Big Lots, Kohl’s, Dick’s, Starbucks, Dunkin’, Old Navy, Taco Bell, Forever 21, Best Buy and More
Description:
Sands Investment Group is Pleased to Present Exclusively For Sale a Single Tenant Net Leased Office Building in the Cleveland Suburb of Strongsville, Ohio. This is a Fee Simple Property Leased By Keller Williams Encore, on an Absolute 10 Year Lease, With 6 Years Remaining in the Primary Term. Strongsville is a Busy and Growing Commercial and Residential City Located at the the Intersection of Interstate 71 and Interstate 80, Known as the Ohio Turnpike.
In Cooperation With Cooper Commercial Investment Group, LLCBoR: Dan Cooper – Lic. #2009003618
Documents:
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Offering Memorandum |
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