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Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
26798820
26798822

13431 Cedar Road, Cleveland Heights, OH 44118

TT
OH 2018001908, OH
Russell Commercial Advisory
Listed by Russell Commercial Advisory
$495,000
274 days on market
Updated 84 days ago

Prime Cleveland Heights NNN

Details
Property Type Retail
Sub Type Storefront
Square Footage 1,870
Cap Rate 11.52%
NOI $57,000
Occupancy 100%
Tenancy Single
Lease Type NNN
Remaining Term 5
Broker Co-Op Yes
Class B
Year Built 1946
Buildings 1
Stories 1
Acreage 0.118
Investment Type Stabilized

Single-Tenant / Long Term Lease | 11.52% CAP

Marketing description

Incredible investment opportunity to acquire a stand-alone, true NNN building located in the heart of Cleveland Heights at the high-traffic corner of Cedar and Taylor! This property has been occupied by the same reliable tenant for the past 10 years, with a current lease in place for another 5 years. The tenant pays $5,000 per month and covers all expenses, including taxes, insurance, and utilities, making this a completely hands-off, worry-free investment. Rarely do opportunities like this come available. Secure a stable, low-maintenance property in a prime Cleveland Heights location today!

Investment highlights

Stand-alone, true NNN building

Located in the heart of CLE Heights | high-traffic corner of Cedar & Taylor

Same tenant for the past 10 years

Current lease in place for another 5 years

Current rent - $5,000 per month

Tenant covers all expenses - taxes, insurance & utilities

Completely hands-off, worry-free investment

Listing Contacts

TT
OH 2018001908, OH
Russell Commercial Advisory
Listed by Russell Commercial Advisory

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$57,000.00
$4,750.00/mo

Valuation Metrics

0
DSCR
11.52%
Cap Rate
11.52%
ROI

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