
16665 Grand Army of the Republic Highway
About This Property for Sale
Investment highlights
•Absolute NNN Lease with 9.3 Years Remaining on the Initial 15 Year Term
•9,100 Square Foot Built-to-Suit Prototype Store – 2020 Construction
•Five, Five Year Options with 10% Rental Increases Remaining
•Attractive Price Point for Longer Term Absolute NNN Product
•Building is on a Large 3.13 Acre Parcel Allowing Potential for Expansion of Store if Tenant Ever Desired a Larger Footprint
•Store is Located Near a Four-Way Signalized Intersection of U.S. Route 6 and State Route 528
•Competition Void: Only Dollar General Servicing the Montville Market
•Store Sells Beer and Wine and is One of the Primary Grocery Sources in the Immediate Area
•Montville is Characterized by an Above Average Median Household Income in the State of Ohio and a Poverty Rate Notably Lower Than the National Average
•Positioned Directly on U.S. Route 6 Which Connects Cleveland to the Pennsylvania State Line
•Site is Less Than One Hour from Downtown Cleveland and Less Than 16 Miles from Lake Erie Shoreline
•Store is Near Established Local Businesses, Churches and Residential Homes on the Primary Corridor in Town
•S&P “BBB” Credit Rating – Corporately Guaranteed Lease
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