www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
31243178
31243179

4070 Interchange Corporate Center Rd, Warrensville Heights, OH 44128 For Sale

MS
PA RS297166
CBRE - Philadelphia Suburban
MG
PA RS287470
CBRE - Philadelphia Suburban
Listed by CBRE - Philadelphia Suburban
$6,693,500
117 days on market
Updated 18 days ago

Carvana | Warrensville Heights, OH

Details
Property Type Retail
Sub Type Storefront
Square Footage 8,408
Units 1
Cap Rate 7%
NOI $468,545
Occupancy 100%
Tenancy Single
Brand/Tenant Carvana
Lease Type Absolute NNN
Lease Term 22.8
Lease Expiration 09/30/2040
Remaining Term 14.2
Rent Bumps Yes
Lease Options Four (4) extensions: 5 years; 4 years, 11 months; 5 years, 1 month; and 5 years.
Price per SqFt $796
Year Built 2017
Buildings 1
Acreage 4.090
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 01/01/2018
Occupancy Date 01/01/2018
Ownership Fee Simple

Abs NNN Lease | 14 Yrs Remaining | Jan. 2028 Rent Bump | Interstate Visibility

Investment highlights

Long-Term Passive Lease
Carvana has 14 years remaining with four five-year options to renew on an Absolute NNN lease with zero landlord management or responsibilities

Corporate Guarantee
The lease is corporately guaranteed by Carvana LLC (NYSE: CVNA), the leading e-commerce platform for buying and selling used cars, with 2025 revenue of more than $20.3B.

Upcoming January 2028 Rent Bump
The lease offers steady income growth with built‑in rent bumps every five years throughout the remaining base term and the 4x5 year renewal options. The next rent increase hits in January 2028, creating an immediate lift in income that strengthens overall performance for investors.

Interstate Visibility and Access
The Property - with its 8-story Car Vending Machine - features significant frontage and excellent visibility from I-271 (158,700 VPD) and has access to the interstate less than a mile away via Emery Road (14,100 VPD) and Richmond Road (23,500 VPD).

Main Retail Area
Surrounded by numerous national retail tenants including Whole Foods Market, ALDI, BJ's, Marshalls, Panera Bread, DSW, Planet Fitness, CVS Pharmacy, Buffalo Wild Wings, HomeGoods, Chipotle, Five Below, Chick-Fil-A, Value City Furniture, Dollar Tree, Olive Garden, KFC, Wendy's, Burger King and multiple hotel chains including Marriott, Courtyard Marriott, AC Hotel by Marriott, ALOFT, Embassy Suites, Hampton Inn & Suites, Resicence Inn and more.

Complementary Uses/Built-In Customer Base
Carvana is in close proximity to several large employers and economic drivers including Cuyahoga Community College (42,000 students), Cleveland Clinic Hospital and administrative offices, UH Ahuja Medica Center, Regency Hospital, Ohio Department of Transportation and more; these drivers lead to a 25,000 increase in daytime population in the 5 miles surrounding the Property.

Dense, Affluent Cleveland MSA Demographics
Part of the Cleveland MSA, Warrensville Heights is only 16 miles from Downtown Cleveland and features more than 182,000 residents and Average Household Incomes of more than $110,000 in the 5 miles surrounding the Property.

Listing Contacts

MS
PA RS297166
CBRE - Philadelphia Suburban
MG
PA RS287470
CBRE - Philadelphia Suburban
Listed by CBRE - Philadelphia Suburban

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$468,545.00
$39,045.42/mo

Valuation Metrics

0
DSCR
7%
Cap Rate
7%
ROI

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Tax History

Intelligence Badge

Similar Properties

View All
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591