35850 Chester Road

Highlights:

• ► 6+ Years Remaining on Absolute Net Ground Lease with Rare 15% Rental Increases in Each 5 Year Option
• ► Located at Signalized Intersection | Strong Visibility Along Chester Road (11,900+ VPD)
• ► Entrance of Avon Crossing | Lowe’s Anchored Development
• ► Near Growing Retail Corridor Near Multiple National Retailers such as Target, Planet Fitness, Duluth Trading Co, Main Event, Bass Pro Shops, Menards, Ashley Homestore and More
• ► Strong Demographics: 101,700+ People in 5-mile radius with an Average HHI of $120,000+
• ► Less than 1 mile from Cleveland Clinic Avon Pointe Location
• ► Directly Across from Walmart Supercenter
• ► AutoZone is an Investment Grade Credit Tenant (S&P: BBB)
• ► This AutoZone is Ranked in the 84th Percentile for Number for Annual Visitors Nationwide | 12th Most Visited AutoZone Location in the State of Ohio -Placer.aiv

Description:

Marcus & Millichap is pleased to present this AutoZone located at 35850 Chester Road in Avon, Ohio. There are 6+ years remaining on its original 20 year Absolute Net Ground Lease with four, 5-year renewal options and 15% rental increases in each option. There are no landlord responsibilities.

The subject property is situated on a hard-signalized intersection seeing 11,000+ VPD along Chester Road just off of Interstate 90 seeing over 68,000 VPD. The property is located at the entrance of Avon Crossing, a retail development anchored by Lowe’s featuring multiple national tenants such as ALDI, Petco, Wendy’s, JC Penney, Arby’s and more. The property is adjacent to a Walmart Supercenter and is located in a dense retail corridor near multiple national
retail and entertainment tenants. The building is 24 minutes from downtown Cleveland and 24 minutes from the Cleveland Hopkins International Airport.

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