Single-Tenant Automotive Building: The subject property is occupied by Drivechoice and utilized as an automotive lot and reconditioning facility, with less than 4 years remaining on the original 10-year lease with no option to extend.
Passive Investment: Net lease opportunity with 3% annual increases and limited landlord responsibilities.
Possible Owner/User Investment: Contact broker for more information.
High Barriers to Entry & Automotive Synergies: Urban infill location with limited opportunities for new automotive uses or developments. Close proximity to 6 automotive dealerships and service centers.
Cleveland Heights Submarket: Densely populated surrounding market area, population of ±17,500 and ±$77,500 average household income in a one-mile radius.