Navy Federal Credit Union
5945 Mayfield Road, Mayfield Heights, OH 44124
Marketing description
The Subject Property is Located Approximately 20 Miles East of Downtown Cleveland in the Highly Affluent Suburb of Mayfield Heights, With Strong Household Incomes Surrounding the Property in a 5-mile Radius Exceeding $130,000. Positioned Along the Highly Trafficked Mayfield Road Corridor, the Navy Federal Credit Union Benefits From Exceptional Visibility and Accessibility Within ONE of Cleveland’s Most Established and Desirable Eastern Suburban Trade Areas. The Property is Situated Less Than 3/4 of a Mile to the Landerbrook and Landerhaven Corporate Centers, Which Are Home to Major Corporate Users Including Parker-hannifin (60,000+ Employees Company-wide) and Rockwell Automation (~1,500 Employes on-site), Which Maintains a Significant Regional Presence, Along With Numerous Class “a” Office Users That Support a Strong Daytime Population.
Interstate Access is a Key Driver for the Area, With Interstate 271 Located Less Than Half a Mile From the Property, Providing Direct Connectivity to Interstate 90, Interstate 480, Interstate 71, and Interstate 80. Traffic Counts Remain Strong With Approximately 145,000 Vehicles Per Day Along I-271, Over 37,000 Along Mayfield Road, and More Than 40,000 Along Cedar Road, Ensuring Consistent Consumer Traffic and Ease of Access for Surrounding Communities.
The Cedar/lander Corridor is Widely Recognized as ONE of the Most Affluent and Active Retail and Commercial Corridors in Northeast Ohio. The Area Continues to Experience Strong Retail Growth, Highlighted by Nearby Premier Developments Including Pinecrest, Anchored by High-end Retailers and Dining, as Well as Legacy Village, Beachwood Place, and Eton Chagrin Boulevard. These Dominant Retail Destinations Draw Consumers From Across the Region and Reinforce the Area’s Reputation as a Premier Shopping and Dining Hub.
Healthcare in the Immediate Area is Anchored by Hillcrest Hospital, a Nationally Recognized 500-bed Hospital Located Just Minutes From the Property, Along With Uh Ahuja Medical Center, a State-of-the-art Campus That Continues to Expand and Serve the Surrounding Communities. These Institutions Not Only Provide Critical Healthcare Services but Also Serve as Major Employment Drivers for the Region.
The Greater Cleveland Market is Supported by a Highly Diversified Economy That Has Evolved From Its Manufacturing Roots Into a Strong BASE of Healthcare, Financial Services, and Advanced Manufacturing. Major Employers in the Region Include Cleveland Clinic (80,000+ Employees System-wide), University Hospitals, Progressive Corporation, Keybank, and Sherwin-williams, Among Many Others. Cleveland is Widely Recognized as a National Leader in Healthcare and Biomedical Research, Anchored by Institutions Such as Case Western Reserve University and Its Partnerships With Leading Medical Systems.
The Area is Supported by a Strong Educational Foundation, Anchored by the Highly Regarded Mayfield City School District (Approximately 4,200 Students and 300 Faculty), Which Serves the Community With Well-rated Schools and Contributes to the Area’s Long-term Residential Stability. In Addition to Quality Primary and Secondary Education, the Region Benefits From Access to Several Prominent Higher Education Institutions, Including Case Western Reserve University (~7 Miles, 12,398 Students), Cleveland State University (~21 Miles, 14,000+ Students), and Cuyahoga Community College (~7 Miles, 18,000+ Students), Along With Nearby John Carroll University (~6 Miles, 3,906 Students) and Ursuline College (~2 Miles, 970 Students). Together, These Institutions Support a Well-educated Workforce and Provide a Steady Pipeline of Future Professionals to the Region.
Cleveland Also Offers a Wide Range of Cultural and Entertainment Amenities, Including Progressive Field, Rocket Arena, Huntington Bank Field, and the Rock and Roll Hall of Fame, All Located Within a Short Drive of the Property. Additionally, the Asset Benefits From Convenient Access to Cleveland Hopkins International Airport, Located Approximately 22 Miles to the West, Providing Domestic and International Travel Options.
With Its Premier Suburban Location, Strong Surrounding Demographics, Excellent Accessibility, and Proximity to Major Employment, Healthcare, and Retail Drivers, the Navy Federal Credit Union Property is Well Positioned to Serve the Needs of the Surrounding Community and Represents a Compelling Long-term Investment Opportunity.
Investment highlights
- Ideal Zero Management Asset (Tenant Handles All Expenses Directly) for Passive Investor: Single-tenant, Absolute NNN Lease
- Navy Federal Credit Union: $205 Billion in Assets and the World's Largest Credit Union, Serving More Than 13 Million Members Through a Network of Over 350 Branches and 30,000+ Fee-free Atms Nationwide
- Rental Increase in 2028 Taking Property to Attractive 6.62% Cap
- Recent (2025) Tenant Self-funded ($1.3 Million) Full Redevelopment and Design Including Brand New Roof With 20 Year Transferable Warranty, Further Strengthening the Commitment to the Location
- Strong Demographics: Average Household Incomes Over $130,000 and High Population Density of 160,000+ Residents Within 5-miles Giving Easy Access to Large Population BASE
- Prominent, High Traffic Location (Approx. 37,000+ Vpd) at Intersection of Mayfield & Lander Road
- Less Than 1 Mile to Interstate-271 (145,000+ Vpd), Bolstering the Property's Daily Daytime Traffic
- Navy Federal Credit Union Money.com Best Bank for Small Businesses, Ranked #2 in Customer Satisfaction Among U.s. Credit Card Issuers
- Affluent, Suburban Location With State-rated "Excellent" and Top-rated Mayfield Exempted Village School District
- Major Complimentary Nearby National Retailers: Eastgate Shopping Center, Golden Gate Plaza, Newer Construction Pinecrest Lifestyle Center, Eton Lifestyle Center, Legacy Village, Pavilion, Village Square, Harvard Park and Beachwood Place Mall, Along With Numerous Fitness Centers, Hotels and Restaurants
- Desirable Community With a Short Commute (20 Miles) to Downtown Cleveland Attractions, Immediate Proximity to Several Colleges/universities, Numerous High-profile Fortune 500 Companies, and Only 25 Miles to Cleveland Hopkins International Airport
- Various Other Nearby Major Employers Including: Less Than 3/4 Mile to Rockwell Automation (1,500 on-site Employees) and Parker Hannifin (Corporate Hq, 60,000 Employees Globally), Along With University Hospital's Ahuja Medical Center (2,500 Employees and $200 Million Recent Expansion), Cleveland Clinic (83,000 Employees Systemwide), Eaton Corporation Hq (2,000 Employees), Bank of America, Cuyahoga Community College, Site Centers Corp. Hq and Abb INC. (500 Employees)
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