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7515 Auburn Rd, Painesville, OH, 44077

Dark 7-Eleven
$2,826,279

Key Information

Cap Rate
6.8%
Tot. SF
1,975
Year Built
1994
Term Remaining
±4 Yrs
Type
Retail
NOI
$187,385

Highlights

  • Valuable Holding Income: The existing NNN lease provides a stable annual cash flow of over $187,000 for approximately four more years, offering secure income during the planning and permitting phases of a redevelopment.
  • Prime High-Traffic Location: Strategically situated along Auburn Road with exposure to approximately ±27,880 vehicles per day, the site offers exceptional visibility and ease of access for a future business.
  • Significant Repositioning Upside: The property is currently dark, presenting a compelling opportunity to re-tenant or redevelop the site for a new use, such as a different retail business, a bank branch, or a medical facility.
  • Leverageable Existing Infrastructure: Utilizing the existing fueling and utility infrastructure can significantly reduce initial costs for a new energy-related use, such as installing an EV charging station hub, compared to developing a raw land site.
  • Control and Customization: As an owner-user, you gain complete control of the property, allowing for full customization of the space to fit specific business needs without landlord restrictions, while simultaneously building equity.

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Location

Agents

Broker of Record

Matt Wallace

License # REC.2022007141 (OH)
Matthews Real Estate Investment Services, Inc
950 Main Ave., Suite 510, Cleveland, OH 44113