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Multi-Tenant Portfolio 138 & 32085 Lear Road & Electric Blvd, Avon Lake, OH 44012
  • Available Spaces: 8,587 SF
  • Available Property: Two Adjacent Buildings - Four Tenants
  • Price $733,870
  • Cap Rate 10%
  • Status For Sale
  • Property Type Investment Sales

About This Property

Avon Lake is a premier Westshore suburb of Cleveland, located on Lake Erie in Lorain County. The community is known for strong schools, high household incomes, low crime, and sustained residential growth — characteristics that support stable neighborhood retail demand.

STABLE, DIVERSIFIED CASH FLOW - Four tenants across complementary uses reduce single-tenant risk.
LONG-TERM ANCHOR - Fratello’s 30+ year occupancy demonstrates location durability and tenant stickiness.
CLEAR UPSIDE PATH - Staggered expirations allow a new owner to engage tenants and capture market rent growth over time.
ATTRACTIVE LEVERAGE RETURNS - At a 10% cap with 25%down, Year-1 cash-on-cash of ~12.6% rising toward 19% under modest growth assumptions.
MANAGEABLE SCALE - ~8,600 SF is ideal for individual investors, 1031 exchange buyers, or small institutional portfolios.
STRONG SUBMARKET - Avon Lake’s demographics and limited new commercial supply support long-term occupancy and rent retention.

138 & 32085 Lear Road & Electric Blvd

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