Offering Summary
Excellent single tenant building with great highway exposure on this newly constructed 5,000 square foot building. Located on ~4.2 acres which provides ease of expansion in any of four directions for the building. Superb clear heights with dual drive through overhead doors. Zoned industrial and sites near many Mentor auto related businesses and retail stores. Over 58,160 daily cars pass by this location.
This single tenant, triple net lease investment property is currently leased to a publicly traded company and has ~3 years remaining on their initial term. Tenant is dark at space, but would likely terminate their lease for an owner / user.
ASSUMABLE LOAN IN PLACE - actually, the buyer MUST assume the loan in order to transfer. Attractive loan product.
Demographics
Population: 1 mile - 43,316; 3 miles - 55,499; 5 miles - 107,500
Average Household Income: 1 mile - $78,714; 3 miles- $81,863; 5 miles - $78,869
Median Age: 1 mile - 43.5 yrs.; 3 miles - 42.1 yrs.; 5 miles - 40.6 yrs.
Submarket Demographics |
| Submarket Trend: |
 Stable
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Property Facts |
| Location: | 8647 Tyler Blvd, Mentor, OH |
| Number of Units: | 1 |
| Offering Price: | $750,000 |
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| Net Operating Income: | $60,000 |
| Cap Rate: | 8.0% |
| Building Occupancy: | 100% |
| Year Built: | 11/12/2009 |
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| Unit Mix: |
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