STNL Investment Opportunity: BP Products / CrossAmerica Partners Ground Lease
• High Profile Ground Lease to Subsidiary of BP • Strong Rental Income and 12% Rental Increases in Renewal Options • Fee-Simple Absolute NNN Lease Structure –Zero Landlord Responsibilities & Ability to Depreciate Improvements • Situated at Hard Corner Signalized Intersection of Bagley Road & Engle Road with 46,856 VPD
| Property Type | Retail |
|---|---|
| Listing ID | XF73ZC |
| MLS ID | 807880 |
| Style | Other Style |
| Building Size | 4,200 SF |
| Lot Size | 1.18 AC |
Property Highlights
Ground Lease with BP North America Products Inc. and CrossAmerica Partners as Assignee
Hard Corner Location with 46,856 VPD
Three (3) Five (5) Year Renewal Options with 12% Increases
Next Renewal Option Scheduled for July, 2021
Property Features| Location: | Middleburg Heights is a busy, well-established suburb on the south west side of Cleveland. A high profile corner location offering easy ingress and egress with approximately 46,856 cars passing by per day! • Located within a half mile of 7 hotels as well as Southwest General Hospital, and the Middleburg Heights Community Center • Cuyahoga County Fairgrounds hosts over 125 events per year, attracting over 450,000 visitors • 10 min. drive to Cleveland Hopkins International Airport • 300,000+ hotel rooms rented annually • 110,496 Employees within 5 miles |
