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Caliber Collision

$1,273,000

13390 York Road, North Royalton, OH 44133

Active
Last Updated: 02/10/2025

7

Cap Rate

89,141

NOI

Details:
Cap Rate:    7%
NOI:    $89,141
Building Size:    10,911 sqft
Lot Area:    2.96 acres
Highlights:
  • Caliber Collision Property 10,911 SF Situated on 2.96 Acres*
  • Double "NN" Net Lease w/ Minimal Landlord Responsibilities
  • Initial 10-Year Lease w/ (2) Five-Year Option Periods
  • Attractive 2% Annual Rental Increases Throughout Initial Term & Option Periods
  • Corporate Lease Guaranty - Wand Newco 3, LLC
  • Subject Property Benefits From Being Located on York Rd - One of North Royalton's Primary North-South Corridors
  • Population in a 5-Mile Radius Exceeds 143,000 w/ An Avg Household Income Surpassing $113,000
  • North Royalton is Considered Cleveland MSA - Subject Property is Less Than a 30-Minute Drive From Downtown Cleveland
  • Property is Located in Alpha Industrial Park - Close Proximity To Interstate Interstate 71 & Interstate 77 Allowing Easy Access To Cleveland, Columbus, and Other Midwest Markets
  • Caliber Collision Is The Largest Collision Repair Company w/ Over 1,800 Locations In 41 States
Description:

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Nestled in the heart of Cuyahoga County, North Royalton, Ohio, is a vibrant, family-friendly suburb offering the ideal combination of suburban tranquility and access to urban amenities. North Royalton has earned a reputation for being one of the most desirable communities in the Greater Cleveland area.

North Royalton benefits from its proximity to major transportation routes, including Interstate 71, making commuting to downtown Cleveland, the airport, and other regional hubs convenient and efficient. Residents enjoy easy access to urban conveniences while maintaining the peace and safety of a suburban lifestyle. The city is also known for its excellent public transportation options and well-maintained road infrastructure.

North Royalton is known for its excellent parks, including the popular Royalton Hills Park and Brecksville Reservation, offering residents ample outdoor recreation. The city also offers various dining, shopping, and entertainment options, including the North Royalton City Centre and the nearby Southpark Mall, ensuring that residents have everything they need at their fingertips.

In summary, North Royalton is a well-rounded, welcoming community with a strong sense of civic pride, excellent schools, ample green spaces, and a strong economy. Its strategic location, combined with its residential appeal, makes it one of the most attractive places to live in the Greater Cleveland area.

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