Main Content
- SF: 3,999 sq. ft
- acres 0.57
- Request Info
Agent(s): Kyle Hartung
- Price $407,000
- Cap Rate 9%
- Status Investment Sales Sold
About This Property
For sale to qualified investors is a single-tenant triple-net leased retail building in Warrensville Heights, Ohio. Diamond Hair & Beauty leases the 3,999 square foot building on a triple net basis and recently exercised a 5-year option taking their lease through 2025, showing their commitment to the site. The property is being offered at an attractive 9% cap rate, providing investors with a return not often seen in NNN retail. Within just blocks of the property are national and regional corporations including the North Randall Amazon Fulfillment Center (900,000 SF and 2,000+ employees), JACK Thistledown Racino, Cuyahoga Community College, Heinen’s food manufacturing and many others. Additionally, the property is surrounded by national retailers including ALDI, Wendy’s, KFC, Taco Bell, Popeyes, CVS, Burger King, Sherwin-Williams, Planet Fitness, Save-A-Lot, Subway, and many others.