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11882806
11882807

22019 Emery Rd, Warrensville Heights, OH 44128

KH
OH SAL.2003016343
Goodman Real Estate Services Group LLC
Listed by Goodman Real Estate Services Group LLC
$695,000
1058 days on market
Updated 31 days ago

Georgios and Starr Auto - Near Major Amazon Hub

Details
Property Type Retail
Sub Type Auto Shop, QSR/Fast Food
Square Footage 6,350
Units 2
Cap Rate 8.50%
NOI $59,010
Occupancy 100%
Tenancy Multi
Brand/Tenant Georgios, Restaurant (+1)
Lease Type NN
Price per SqFt $109
Buildings 2
Acreage 0.992
Investment Type Net Lease
Ownership Fee Simple

Retail | 8.50% CAP | 6,350 SF

Marketing description

For sale to qualified investors is a two-building asset in Warrensville Heights, Ohio, leased to Georgio’s Oven Fresh Pizza and Starr Automotive. This property offers the investor with two freestanding buildings featuring valuable restaurant and automotive build outs for an attractive cap rate of 8.5%. The offering includes a freestanding Georgio’s Pizza facing Emery Road, and a freestanding Starr Automotive, who has been a tenant since 1995. Georgio’s is responsible for their own daily property maintenance, leaving minimal landscaping and snowplowing as the landlord responsibility for the Starr Automotive parcel. 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.

Investment highlights

Two-Tenant Asset: Quick Service Restaurant and Automotive

Attractive 8.5% Year One Cap Rate

Freestanding Buildings with Minimal Landlord Duties

Services Nearby 900,000 SF Amazon Fulfilment Center

Georgio’s Pizza has Over 40 Store Locations in the Region

Starr Automotive has Been a Tenant in the Property Since 1995

Listing Contacts

KH
OH SAL.2003016343
Goodman Real Estate Services Group LLC
Listed by Goodman Real Estate Services Group LLC

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$59,010.00
$4,917.50/mo

Valuation Metrics

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DSCR
8.49%
Cap Rate
8.49%
ROI

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