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18488 Pearl Rd, Strongsville, OH, 44136

STRICKLAND BROTHERS
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Highlights

INVESTMENT HIGHLIGHTS

  • New Construction & Long-Term Lease – This high-quality asset was completed in 2022, offering a brand new 15-year lease with multiple renewal options
  • Rental Increases – This long-term lease features 10% rental increases every 5 years throughout the initial term and option periods to provide some hedge against inflation
  • Cleveland MSA & Excellent Demographics – Strongsville is a affluent suburb of Cleveland with an estimated population of 45,000. Household Income in the immediate area exceeds $126,000
  • Absolute NNN – This lease is Absolute NNN making the landlords responsibility minimal, allowing for a more passive stream of income
  • Bonus Depreciation* – Asset may qualify for bonus depreciation providing a significant tax advantage. * Consult with your CPA or Tax Advisor to confirm eligibility
  • E-Commerce Proof Industry – Quick lube automotive is an $8 Billion industry which continues to prove its resilience through economic downturn and the recent COVID-19 pandemic

Location

Agents

Broker of Record

Kyle Matthews

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

Key Information

Cap Rate
6.5%
Year Built
2022
Term Remaining
±15 YRS
Type
Retail
NOI
$139,277
Leasable Area
1,750