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32967982
32967983

4868 Ledgewood Dr, Medina, OH 44256

CL
CA 02042182
SRS Real Estate Partners Newport Beach
SS
KY 271256
SRS Louisville
Listed by SRS Real Estate Partners Newport Beach, SRS Louisville
$1,637,000
72 days on market
Updated 1 day ago

Meineke Car Care | 20YR NNN | Medina, OH

Details
APN 026-06C-12-016
Property Type Retail
Sub Type Auto Shop
Square Footage 4,550
Cap Rate 6.25%
NOI $102,314
Occupancy 100%
Tenancy Single
Brand/Tenant Jiffy Lube, Take 5 Oil Change (+4)
Lease Type Absolute NNN
Lease Term 20
Lease Expiration 11/09/2045
Remaining Term 19.4
Rent Bumps Yes
Lease Options 4, 5-Year
Price per SqFt $360
Year Built 1996
Year Renovated 2025
Acreage 0.620
Zoning C-3: General Commercial
Parking Spaces 11 spaces
Parking Per SqFt 2.42
Investment Type Net Lease
Lease Commencement 11/10/2025
Ground Lease No
Ownership Fee Simple (Land & Building)

20-yr NNN | 6.25% CAP | Largest Franchisee in System

Marketing description

SRS National Net Lease Group, LP is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Meineke Car Care Center investment property located in Medina, Ohio. The tenant, Meineke Car Care Center (Marcor LLC) recently signed a brand new 20 year lease with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for an out of state investor.

The Meineke Car Care Center is located along Ledgewood Drive within Medina’s primary retail corridor, just off U.S. Highway 42 with immediate access to Interstate 71, which carry approximately 12,900 vehicles per day and 65,100 vehicles per day. The property benefits from strong regional connectivity and is positioned between Akron and Cleveland, approximately 25 miles and 33 miles away. The asset is surrounded by a dense concentration of national and credit tenants including Walmart Supercenter, Kohl’s, Home Depot, Target, Aldi, Pet Supplies Plus, Starbucks, Chick-fil-A, Five Guys, Verizon, Marshalls, Meijer, and Dunkin’, among others, reinforcing the strength of the immediate trade area. Walmart Supercenter, located directly across the street, draws approximately 2.2 million annual visits per Placer.ai, further supporting the subject property’s position within a dominant, high-traffic retail corridor. Additional nearby apartment communities including SweetBriar Village, Jefferson Villa Apartments, Jefferson Pointe, Forest Meadows Apartments, Forest Meadow Villas, and Waterford Village Apartments total approximately 1,170 units and help drive consistent consumer traffic to the area. The surrounding five-mile trade area includes approximately 62,190 residents and 27,325 employees, with an average household income of $125,665, providing a strong consumer base for long-term tenant performance.

Investment highlights

  • Brand New 20-Year Lease | Franchisee Personal Guaranty
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Strategic Medina Retail Corridor | U.S. Highway 42 / Interstate 71
  • Dense Retail Trade Area | Strong National Co-Tenancy | Walmart Super Center Across The Street (2.2 M Annual Vistors)
  • Affluent Demographics | Akron-Cleveland Regional Access

Listing Contacts

CL
CA 02042182
SRS Real Estate Partners Newport Beach
SS
KY 271256
SRS Louisville
Listed by SRS Real Estate Partners Newport Beach, SRS Louisville

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$102,314.00
$8,526.17/mo

Valuation Metrics

0
DSCR
6.25%
Cap Rate
6.25%
ROI

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Zoning

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BI CommercialSpecial CommercialIntensive Business
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Last updated Apr 15, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Additional Information

Name
Sarah Shanks
License
BRKP.2023006361 | REC.2024000384
Brokerage
SRS National Net Lease Group
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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