•This investment opportunity offers four freestanding buildings on three parcels with a retail/office mix, 100% occupancy and long term redevelopment opportunity. •Located on Mentor Avenue in Mentor, OH, at the corner of Murray Ave. the property benefits from approximately 22,000 vehicles drive by per day. •Nearby retailers include Meijer's, Walmart, McDonald's, Dairy Queen, CVS, Applebee's Grill, Chipotle, Panda Express, T-Mobile, Huntington Bank, Bob Evans, Staples, Starbucks, Walgreens, Taco Bell, Kohl's, Chick-fil-A, Lowe's Home Improvements, Arby's, Target, Goodwill, Bed Bath & Beyond, Great Lakes Mall and many more.
|Property Use:||Rental or Investment|
|Cap Rate Percentage:||6.25|
|Building Size:||8,860 SF|
|Lot Size:||1.23 AC|
Traffic counts of 22,000 vehicles per day.
Just east of SR 615.
Approximately 2 miles off of I-90 and SR 2.
Tax incentives available.
1 ½ miles from Simon's Great Lakes Mall.Property Features
|Location:||•Mentor is located in the eastern suburbs, approximately 20 miles east of downtown Cleveland. •As of 2012, Mentor was ranked the 6th largest retail market in Ohio. •Surrounding the city are multiple national and international corporations, business and schools employing thousands of workers daily. Some of these include Parker-Hannifin Corporation, Avery Dennison Corporation, Lincoln Electric Holdings, Inc., Lake Health System, Inc., FirstEnergy Corp., STERIS Corporation, and The Lubrizol Corporation.• Religious Gifts is located on Mentor Avenue at the corner of Murray Ave. just east of SR 615 / Center St. and in the heart of Mentor. •This location provides easy access to local shopping, dining, medical facilities and schools. •Just minutes from I-90 and SR 2, this corner location also offers easy access to the entire Cleveland Metropolitan.|
|Down Payment: $250,000|
|Gross Income: $81,900|
|Loan Payment: $43,557|